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This property could be a profitable Long-Term investment with a projected 16% first-year return on $39,900 initial cash invested.
Cash On Cash
16%
Cap Rate
10.43%
Rent
$2,183
Cashflow
$532
Rent Confidence: High
Annual
$26,196
Median
$2,000
Avg
$2,182
Samples
25
Financing
Purchase Price $190k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $39,900
Downpayment 20% $38,000
Closing costs 1% $1,900
Rehab 0% $0
Furnishing 0% $0
Cashflow
Total Income $2,183
Total Expenses $1,651
Mortgage P&I 46% $1,011
Property Taxes 0% $7
Home Insurance 3% $66
PManagement 10% $218
CapEx 5% $109
Vacancy 6% $131
Maintenance 5% $109
Other 0% $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 1010 Warren St | $2200 | 4 | 2 | 1850 | 0.2 mi |
| 2 | 406 33rd Ave N | $2350 | 4 | 2 | 1650 | 2.5 mi |
| 3 | 1638 Stuart Square Cir | $2200 | 4 | 3 | 1512 | 2.5 mi |
| 4 | 1311 Monticello Dr | $1900 | 4 | 3 | 1846 | 0.8 mi |
| 5 | 1676 Citadel Ln | $2175 | 3 | 2 | 1470 | 1.4 mi |
| 6 | 1113 Scott Dr | $2300 | 4 | 1.5 | 1900 | 2.6 mi |
| 7 | 404 6th Ave N | $3000 | 4 | 3.5 | 1700 | 1.3 mi |
| 8 | 519 Broadway St | $1850 | 1188 | 1.1 mi | ||
| 9 | 519 Broadway St Broadway St, Unit 519 | $1900 | 1188 | 1.1 mi | ||
| 10 | 738 Columbia Dr | $2450 | 4 | 3 | 1895 | 2 mi |
| 11 | 2950 Kane Ct | $2000 | 3 | 2 | 1450 | 2.2 mi |
| 12 | 614 35th Ave N | $1980 | 3 | 2 | 1471 | 2.6 mi |
| 13 | 618 35th Ave N Apt D | $1900 | 3 | 2 | 1470 | 2.6 mi |
| 14 | 503 Chester St, Unit 406E | $3500 | 4 | 3.5 | 1800 | 1.4 mi |
| 15 | 1239 Harbor Aly | $2400 | 3 | 2 | 1700 | 0.7 mi |
| 16 | 2805 N Ocean Blvd | $1800 | 3 | 2 | 1400 | 2.1 mi |
| 17 | 401 Alder St, Apt C | $1175 | 1.2 mi | |||
| 18 | 830 Carolina Cove Dr | $1710 | 2 | 2.8 mi | ||
| 19 | 95 Broadway St | $3500 | 1.5 mi | |||
| 20 | 97 Broadway St | $2000 | 1.5 mi | |||
| 21 | 1779 Low Country Pl, Unit 57 | $2000 | 3 | 2 | 1400 | 2.9 mi |
| 22 | 405 11th St S | $3100 | 4 | 3 | 3 mi | |
| 23 | 510 35th Ave N, Apt 4 | $1600 | 3 | 2 | 1350 | 2.6 mi |
| 24 | 1749 Sea Pines Blvd | $2599 | 3 | 2 | 1400 | 3.1 mi |
| 25 | 1103 Dunbar St, Unit 10 | $950 | 1 | 0.1 mi |
Projections