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This property could be a profitable Long-Term investment with a projected 56.21% first-year return on $23,100 initial cash invested.
Cash On Cash
56.21%
Cap Rate
19.97%
Rent
$2,619
Cashflow
$1,082
Rent Confidence: High
Annual
$31,428
Median
$2,645
Avg
$2,618
Samples
25
Financing
Purchase Price $110k
Downpayment 20.0%
Interest Rate 7.5%
Mortgage Duration 30yr.
Cash To Invest
Total $23,100
Downpayment 20% $22,000
Closing costs 1% $1,100
Rehab 0% $0
Furnishing 0% $0
Cashflow
Total Income $2,619
Total Expenses $1,537
Mortgage P&I 24% $618
Property Taxes 8% $200
Home Insurance 1% $38
PManagement 10% $262
CapEx 5% $131
Vacancy 6% $157
Maintenance 5% $131
Other 0% $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 7243 Hiawassee Oak Dr | $2695 | 4 | 2 | 2289 | 1.7 mi |
| 2 | 7901 Beechdale Ct | $2325 | 4 | 2 | 2090 | 0.6 mi |
| 3 | 2731 Hornlake Cir | $2650 | 4 | 2 | 2255 | 2.3 mi |
| 4 | 1011 Royal Marquis Cir | $3500 | 4 | 2 | 2217 | 2 mi |
| 5 | 613 Canby Cir | $2850 | 4 | 2 | 2188 | 2.1 mi |
| 6 | 1672 Sparkling Water Cir | $2850 | 4 | 2 | 2363 | 2.3 mi |
| 7 | 7869 Shellbark Dr | $2430 | 4 | 2 | 2100 | 1.8 mi |
| 8 | 4703 Spaniel St | $2600 | 4 | 2 | 2558 | 1.3 mi |
| 9 | 2401 Griffin Ct | $2700 | 4 | 2 | 2057 | 1.7 mi |
| 10 | 7480 Bordwine Dr | $2449 | 4 | 2 | 1977 | 1.3 mi |
| 11 | 8184 Cloverglen Cir | $2665 | 4 | 2 | 1899 | 1 mi |
| 12 | 1867 Lochshyre Loop | $2545 | 4 | 2.5 | 2302 | 1.9 mi |
| 13 | 936 Haverford Dr | $2670 | 4 | 2 | 2052 | 2.1 mi |
| 14 | 1996 Hargate Ct | $2749 | 4 | 2 | 2600 | 1.7 mi |
| 15 | 1988 Saint James Ct | $2750 | 4 | 2 | 2042 | 2 mi |
| 16 | 2750 Tall Maple Loop | $2360 | 4 | 2 | 2094 | 2.5 mi |
| 17 | 2738 Springfield Dr | $2340 | 4 | 2 | 1979 | 1.7 mi |
| 18 | 7854 Tanbier Dr | $2500 | 4 | 2 | 1944 | 1.5 mi |
| 19 | 2511 Dovetail Dr | $2645 | 4 | 2 | 1966 | 1.7 mi |
| 20 | 7235 Minippi Dr | $2750 | 4 | 2.5 | 1968 | 0.2 mi |
| 21 | 7849 Riffle Ln | $2300 | 4 | 2.5 | 2304 | 2.1 mi |
| 22 | 2421 Liela Lee Ct | $2600 | 4 | 2 | 1890 | 1.5 mi |
| 23 | 7933 Riffle Ln | $2390 | 4 | 2 | 1960 | 2 mi |
| 24 | 1967 Edinborough Pl | $2850 | 4 | 2 | 2665 | 2 mi |
| 25 | 7103 Minippi Dr | $2295 | 4 | 2 | 1723 | 0.4 mi |
Projections