This property could be a profitable Long-Term investment with a projected 11.04% first-year return on $77,300 initial cash invested.
11.04%
Cash On Cash
14.41%
Cap Rate
2.13
DSCR
$2,360
Rent
$711
Cashflow
$28,320
Annual
$1,100
Median
$1,196
Avg
$1,180
Per Unit
25
Samples
Cash Flow
$2,360 income − $1,649 expenses = $711 cash flow
Investment Breakdown
|
Purchase Price
$130k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,300
Downpayment
20%
$26,000
Closing costs
1%
$1,300
Rehab
38%
$50,000
Furnishing
0%
$0
Cashflow
Total Income
$2,360
Total Expenses
$1,649
Mortgage P&I
31%
$732
Property Taxes
11%
$250
Home Insurance
2%
$53
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
3118 W 30th St, Cleveland, OH 44109 | $950 | 2 | 1 | 946 | 0.5 mi |
3118 W 30th St, Unit 1 /Dn, Cleveland, OH 44109 | $1,000 | 2 | 1 | 946 | 0.5 mi |
3405 Roehl Ave, Cleveland, OH 44109 | $850 | 2 | 1 | 800 | 0.5 mi |
2002 Valentine Ave, Cleveland, OH 44109 | $1,795 | 2 | 1 | 1068 | 0.1 mi |
4045 Newark Ave, Unit Up, Cleveland, OH 44109 | $1,175 | 2 | 1 | 1012 | 0.9 mi |
2602 Vega Ave, Cleveland, OH 44113 | $1,250 | 2 | 1 | 1023 | 0.7 mi |
3838 Marvin Ave, Cleveland, OH 44109 | $975 | 2 | 1 | 773 | 0.8 mi |
2020 Corning Ave, Cleveland, OH 44109 | $1,325 | 2 | 1 | 0.1 mi | |
3106 Library /Up Ave, Unit 2, Cleveland, OH 44109 | $1,000 | 2 | 1 | 1224 | 0.6 mi |
3403 Fulton Rd, Unit Down, Cleveland, OH 44109 | $900 | 2 | 1 | 0.8 mi |
Projection Charts
Investment Value YoY
Annualized Return
CoC vs Downpayment
CoC vs Purchase Price