Property Analysis for 2107 Essex Ave, Savannah, GA 31405

Long-Term Rental Analysis

2107 Essex Ave, Savannah, GA 31405

$179,900 • 3 beds • 1 baths • 912 sqft

This property might be a fair Long-Term investment with a projected 9.02% first-year return on $37,779 initial cash invested.

Cash On Cash

9.02%

Cap Rate

8.7%

Rent

$1,740

Cashflow

$284

Rent Confidence: High

Annual

$20,880

Median

$1,725

Avg

$1,741

Samples

Financing

Purchase Price $180k

Downpayment 20.0%

Interest Rate 6.7%

Mortgage Duration 30yr.

Cash To Invest

Total $37,779

Downpayment 20% $35,980

Closing costs 1% $1,799

Rehab 0% $0

Furnishing 0% $0

Cashflow

Total Income $1,740

Total Expenses $1,456

Mortgage P&I 54% $933

Property Taxes 0% $8

Home Insurance 4% $63

PManagement 10% $174

CapEx 5% $87

Vacancy 6% $104

Maintenance 5% $87

Other 0% $0

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#	Comparable Property	Rent	Beds	Baths	SQFT	Distance
1	1813 Fitzgerald St, Savannah, GA 31405	$2800	3	1	960	0.4 mi
2	1004 Collat Ave, Savannah, GA 31415	$1500	3	1	912	1.3 mi
3	1829 Pendleton St, Savannah, GA 31405	$1650	3	1	950	0.7 mi
4	3201 Perth St, Savannah, GA 31405	$1850	3	1	925	1.7 mi
5	816 W 48th St, Savannah, GA 31405	$1395	3	1	888	1.5 mi
6	1406 Cloverdale Dr, Savannah, GA 31415	$1600	3	1	958	1.2 mi
7	1920 Lloyd St, Savannah, GA 31405	$1650	3	1	1024	0.4 mi
8	1925 Cowan Ave, Savannah, GA 31405	$1895	3	1	950	1.5 mi
9	1109 W 41st St, Savannah, GA 31415	$1650	3	1	960	1.4 mi
10	638 W 35th St, Savannah, GA 31415	$2000	3	1	936	1.9 mi
11	901 Carter St, Savannah, GA 31415	$1450	3	1	961	1.5 mi
12	920 W Victory Dr, Savannah, GA 31405	$1750	3	1	972	1.5 mi
13	1016 W 42nd St, Savannah, GA 31415	$1450	3	1	1008	1.5 mi
14	710 Fruit St, Savannah, GA 31415	$1475	3	1	996	1.7 mi
15	4205 Campbell St, Savannah, GA 31405	$1900	3	1	1116	0.6 mi
16	923 W 46th St, Savannah, GA 31405	$2050	3	1	1056	1.5 mi
17	1914 Tubman St, Savannah, GA 31405	$1900	3	1	1128	0.8 mi
18	1626 W Gwinnett St, Savannah, GA 31415	$1800	3	1	1100	1.6 mi
19	701 Atlanta St, Savannah, GA 31405	$1795	3	1	1140	1.8 mi
20	723 W 47th St, Savannah, GA 31405	$1800	3	1		1.6 mi
21	2914 Bulloch St, Savannah, GA 31405	$1495	3	1	1212	1.6 mi
22	915 W Victory Dr, Savannah, GA 31405	$1695	3	1		1.6 mi
23	1208 Murphy Ave, Savannah, GA 31415	$1450	3	2	960	1.6 mi
24	720 W Victory Dr, Savannah, GA 31405	$1725	3	1		1.6 mi
25	1816 Tubman St, Savannah, GA 31405	$1800	3	2	1040	0.8 mi

Projections