This property looks like a bad Long-Term investment with a projected -9.61% first-year return on $62,790 initial cash invested.
-9.61%
Cash On Cash
4.56%
Cap Rate
0.75
DSCR
$2,310
Rent
-$503
Cashflow
$27,720
Annual
$2,250
Median
$2,290
Avg
25
Samples
Cash Flow
$2,310 income − $2,813 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,310
Total Expenses
$2,813
Mortgage P&I
66%
$1,523
Property Taxes
25%
$583
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
1300 Beach Ave, # 1300, Lakewood, OH 44107 | $1,950 | 4 | 2 | 1600 | 0.9 mi |
1647 Bunts Rd, Lakewood, OH 44107 | $2,895 | 4 | 2 | 1756 | 0.8 mi |
1447 Elbur Ave, Lakewood, OH 44107 | $2,695 | 4 | 2 | 2000 | 0.5 mi |
1539 Elbur Ave, Lakewood, OH 44107 | $3,390 | 4 | 1.5 | 1850 | 0.7 mi |
13431 Clifton Blvd, Lakewood, OH 44107 | $2,750 | 4 | 2 | 0.4 mi | |
1462 Lakeland Ave, # Up, Lakewood, OH 44107 | $1,850 | 4 | 2 | 0.9 mi | |
1629 Marlowe Ave, Lakewood, OH 44107 | $3,300 | 4 | 1.5 | 2029 | 0.8 mi |
1300 Beach Ave, # 1298, Lakewood, OH 44107 | $1,800 | 4 | 1 | 1800 | 0.9 mi |
1181 Virginia Ave, Lakewood, OH 44107 | $3,250 | 5 | 3 | 0.7 mi | |
12206 Detroit Ave, Lakewood, OH 44107 | $2,500 | 3 | 2 | 1554 | 1 mi |
Projection Charts
Investment Value YoY
Annualized Return
CoC vs Downpayment
CoC vs Purchase Price