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This property could be a profitable Long-Term investment with a projected 36.81% first-year return on $30,450 initial cash invested.
Cash On Cash
36.81%
Cap Rate
15.13%
Rent
$2,447
Cashflow
$934
Rent Confidence: High
Annual
$29,364
Median
$2,400
Avg
$2,444
Samples
25
Financing
Purchase Price $145k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $30,450
Downpayment 20% $29,000
Closing costs 1% $1,450
Rehab 0% $0
Furnishing 0% $0
Cashflow
Total Income $2,447
Total Expenses $1,513
Mortgage P&I 32% $772
Property Taxes 2% $54
Home Insurance 2% $51
PManagement 10% $245
CapEx 5% $122
Vacancy 6% $147
Maintenance 5% $122
Other 0% $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 220 W 35th St | $2750 | 3 | 2 | 1728 | 1 mi |
| 2 | 630 W 38th St | $2050 | 3 | 2 | 1600 | 0.4 mi |
| 3 | 507 W 45th St | $2350 | 3 | 2 | 1608 | 1 mi |
| 4 | 14 E 33rd St | $3200 | 3 | 2 | 1804 | 1.4 mi |
| 5 | 2235 Whitaker St | $2500 | 3 | 2 | 1600 | 1.1 mi |
| 6 | 2235 Whitaker Way | $3300 | 3 | 2 | 1600 | 1.1 mi |
| 7 | 3 E 44th St | $2900 | 3 | 2 | 1605 | 1.4 mi |
| 8 | 21 W 34th St | $2800 | 3 | 2 | 1555 | 1.2 mi |
| 9 | 618 W 32nd St | $2200 | 3 | 2 | 1440 | 0.8 mi |
| 10 | 620 W 38th St, Unit A | $1800 | 3 | 2 | 2112 | 0.5 mi |
| 11 | 625 W 38th St | $1695 | 3 | 2 | 1368 | 0.5 mi |
| 12 | 1723 Whitaker St, Unit Lower | $1900 | 3 | 1.5 | 1845 | 1.2 mi |
| 13 | 309 W 33rd St, Unit Upper | $2950 | 3 | 2 | 1409 | 1 mi |
| 14 | 309 W 33rd St, Unit A | $2950 | 3 | 2 | 1409 | 1 mi |
| 15 | 2323 Barnard St, Unit 2313 | $2800 | 3 | 3 | 1742 | 1.1 mi |
| 16 | 2508 Harden St | $1800 | 3 | 2 | 0.5 mi | |
| 17 | 923 W Victory Dr | $1925 | 3 | 2 | 0.6 mi | |
| 18 | 610 W 37th St | $2000 | 3 | 2 | 0.6 mi | |
| 19 | 206 W 39th St | $2700 | 3 | 2.5 | 1966 | 1 mi |
| 20 | 2008 Whitaker St | $2995 | 3 | 2.5 | 1970 | 1.2 mi |
| 21 | 314 W 42nd St, Unit Main | $2400 | 3 | 2 | 1300 | 1 mi |
| 22 | 310 W 42nd St | $2300 | 3 | 2 | 1300 | 1 mi |
| 23 | 707 W 44th St | $1595 | 3 | 2 | 1262 | 0.7 mi |
| 24 | 307 W 31st St | $2150 | 3 | 2 | 1.1 mi | |
| 25 | 518 W 37th St | $3100 | 3 | 2 | 2400 | 0.6 mi |
Projections