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This property could be a profitable Long-Term investment with a projected 10.84% first-year return on $34,755 initial cash invested.
Cash On Cash
10.84%
Cap Rate
9.45%
Rent
$2,156
Cashflow
$314
Rent Confidence: High
Annual
$25,872
Median
$2,115
Avg
$2,155
Samples
25
Financing
Purchase Price $166k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $34,755
Downpayment 20% $33,100
Closing costs 1% $1,655
Rehab 0% $0
Furnishing 0% $0
Cashflow
Total Income $2,156
Total Expenses $1,842
Mortgage P&I 41% $881
Property Taxes 16% $342
Home Insurance 3% $58
PManagement 10% $216
CapEx 5% $108
Vacancy 6% $129
Maintenance 5% $108
Other 0% $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 385 Carey Dr SE | $2800 | 3 | 2 | 1274 | 0.4 mi |
| 2 | 2325 Jernigan Pl SE | $2500 | 3 | 2 | 1317 | 0.5 mi |
| 3 | 361 Adelle St SE | $1995 | 3 | 2 | 1322 | 0.7 mi |
| 4 | 2053 Browns Mill Rd SE | $3000 | 3 | 2 | 1362 | 0.4 mi |
| 5 | 369 Adelle St SE, # A | $1890 | 3 | 2 | 1231 | 0.7 mi |
| 6 | 585 Mcwilliams Rd SE, Unit 706 | $1975 | 3 | 2 | 1328 | 0.9 mi |
| 7 | 585 Mcwilliams Rd SE | $2115 | 3 | 2 | 1321 | 1.1 mi |
| 8 | 2011 Lewis Rd SE | $2350 | 3 | 2 | 1323 | 1.1 mi |
| 9 | 894 Mcwilliams Rd SE | $1495 | 3 | 2 | 1263 | 1.3 mi |
| 10 | 825 Haven St SE | $1850 | 3 | 2 | 1345 | 0.9 mi |
| 11 | 418 Thaxton Dr SE | $1200 | 3 | 1.5 | 1280 | 0.3 mi |
| 12 | 38 Adair Ave SE | $2300 | 3 | 2 | 1294 | 1.8 mi |
| 13 | 2750 Altaview Dr SE | $2200 | 3 | 2 | 1291 | 1.9 mi |
| 14 | 332 Adelle St SE | $1730 | 3 | 2 | 1178 | 0.8 mi |
| 15 | 2173 Polar Rock Pl SW | $1950 | 3 | 2 | 1300 | 1.9 mi |
| 16 | 874 Mcwilliams Rd SE | $2200 | 3 | 2 | 1364 | 1.3 mi |
| 17 | 1111 Valley View Rd SE | $2500 | 3 | 2 | 1306 | 2 mi |
| 18 | 1011 Thomasville Estates Dr SE | $1850 | 3 | 2 | 1352 | 1.6 mi |
| 19 | 203 Wendell Dr SE | $2800 | 3 | 2 | 1204 | 1.4 mi |
| 20 | 2410 Macon Dr SW | $2900 | 3 | 2 | 1231 | 1.8 mi |
| 21 | 139 Adair Ave SE | $2500 | 3 | 2 | 1380 | 1.6 mi |
| 22 | 2366 Forrest Park Rd SE | $1620 | 3 | 2 | 1176 | 1.4 mi |
| 23 | 585 Mcwilliams Rd SE, Unit 2406 | $2200 | 3 | 2.5 | 1308 | 0.9 mi |
| 24 | 1020 Valley View Rd SE | $1850 | 3 | 2 | 1200 | 1.7 mi |
| 25 | 585 Mcwilliams Rd SE, Unit 402 | $2115 | 3 | 2.5 | 1321 | 0.9 mi |
Projections