REI Lense- Airbnb
- Long-Term
- Mid-Term
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This property could be a profitable Long-Term investment with a projected 35.43% first-year return on $25,200 initial cash invested.
Cash On Cash
35.43%
Cap Rate
14.81%
Rent
$1,970
Cashflow
$744
Rent Confidence: High
Annual
$23,640
Median
$1,800
Avg
$1,972
Samples
25
Financing
Purchase Price $120k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $25,200
Downpayment 20% $24,000
Closing costs 1% $1,200
Rehab 0% $0
Furnishing 0% $0
Cashflow
Total Income $1,970
Total Expenses $1,226
Mortgage P&I 32% $639
Property Taxes 2% $34
Home Insurance 2% $42
PManagement 10% $197
CapEx 5% $98
Vacancy 6% $118
Maintenance 5% $98
Other 0% $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 509 W 38th St, # B | $2300 | 3 | 2 | 1100 | 1 mi |
| 2 | 512 W 38th St, Unit B | $1425 | 3 | 2 | 1099 | 1 mi |
| 3 | 910 W Victory Dr | $1600 | 3 | 2 | 1019 | 0.5 mi |
| 4 | 910 W Victory Vic Dr W, Unit 910 | $1600 | 3 | 2 | 1019 | 0.5 mi |
| 5 | 505 W 38th St | $1600 | 3 | 2 | 1050 | 1 mi |
| 6 | 920 W 51st St | $2000 | 3 | 2 | 1030 | 0.8 mi |
| 7 | 119 E 40th St | $1800 | 3 | 2 | 1150 | 1.7 mi |
| 8 | 707 W 44th St | $1595 | 3 | 2 | 1262 | 0.6 mi |
| 9 | 309 W 33rd St, Unit B | $2500 | 3 | 2 | 1209 | 1.4 mi |
| 10 | 309 W 33rd St | $2800 | 3 | 2 | 1209 | 1.4 mi |
| 11 | 25 W 54th St | $2200 | 3 | 2 | 1000 | 1.7 mi |
| 12 | 505 W 38th St, # 505 | $1600 | 3 | 1.5 | 1050 | 1 mi |
| 13 | 314 W 42nd St, Unit Main | $2400 | 3 | 2 | 1300 | 1.1 mi |
| 14 | 310 W 42nd St | $2300 | 3 | 2 | 1300 | 1.1 mi |
| 15 | 516 W 38th St | $1300 | 3 | 1.5 | 1176 | 1 mi |
| 16 | 1208 Murphy Ave | $1450 | 3 | 2 | 960 | 1.4 mi |
| 17 | 625 W 38th St | $1695 | 3 | 2 | 1368 | 0.8 mi |
| 18 | 308 W 40th St, Unit A | $3400 | 3 | 1.5 | 1200 | 1.1 mi |
| 19 | 213 W 31st St | $2150 | 3 | 1.5 | 1184 | 1.5 mi |
| 20 | 923 W Victory Dr | $1925 | 3 | 2 | 0.4 mi | |
| 21 | 923 W 46th St | $2050 | 3 | 1 | 1056 | 0.5 mi |
| 22 | 2508 Harden St | $1800 | 3 | 2 | 0.6 mi | |
| 23 | 1016 W 42nd St | $1450 | 3 | 1 | 1008 | 0.3 mi |
| 24 | 607 W 44th St, Unit Upper | $1400 | 3 | 1 | 1050 | 0.8 mi |
| 25 | 309 W 33rd St, Unit Upper | $2950 | 3 | 2 | 1409 | 1.4 mi |
Projections