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This property might be a fair Long-Term investment with a projected 1.33% first-year return on $56,700 initial cash invested.
Cash On Cash
1.33%
Cap Rate
7.16%
Rent
$2,248
Cashflow
$63
Rent Confidence: High
Annual
$26,976
Median
$2,245
Avg
$2,249
Samples
25
Financing
Purchase Price $270k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $56,700
Downpayment 20% $54,000
Closing costs 1% $2,700
Rehab 0% $0
Furnishing 0% $0
Cashflow
Total Income $2,248
Total Expenses $2,185
Mortgage P&I 64% $1,437
Property Taxes 3% $70
Home Insurance 4% $94
PManagement 10% $225
CapEx 5% $112
Vacancy 6% $135
Maintenance 5% $112
Other 0% $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 517 Miromar Way | $2400 | 4 | 2.5 | 2040 | 0.6 mi |
| 2 | 1203 Brighton Ave | $2100 | 4 | 2 | 2214 | 1.6 mi |
| 3 | 1051 Sennema Cir | $2200 | 4 | 2 | 1774 | 1.9 mi |
| 4 | 1087 Sennema Cir | $1995 | 4 | 2 | 1774 | 2 mi |
| 5 | 9828 Conifer Ln | $1950 | 4 | 2 | 1945 | 3.8 mi |
| 6 | 365 Skyland Pines Dr | $2350 | 4 | 2.5 | 2176 | 1.8 mi |
| 7 | 8460 Tartan Ln | $2300 | 4 | 3 | 1850 | 0.3 mi |
| 8 | 316 Augustine Dr | $2195 | 4 | 2 | 1823 | 3.3 mi |
| 9 | 147 Dorian Loop | $2195 | 4 | 2 | 1788 | 3.2 mi |
| 10 | 301 Augustine Dr | $2145 | 4 | 2 | 1788 | 3.2 mi |
| 11 | 182 Harmony Ln | $2400 | 4 | 2 | 2296 | 3.2 mi |
| 12 | 3015 Long Spur Dr | $2295 | 4 | 2 | 1774 | 3.2 mi |
| 13 | 375 Augustine Dr | $2245 | 4 | 2 | 1778 | 3.4 mi |
| 14 | 528 Whale Ave | $2350 | 4 | 3 | 2101 | 1.6 mi |
| 15 | 223 Hampton Park Cir | $2300 | 4 | 2.5 | 2003 | 3.7 mi |
| 16 | 152 Dorian Loop | $2145 | 4 | 2 | 1741 | 3.2 mi |
| 17 | 393 Winslow Ave | $2300 | 4 | 2 | 1.6 mi | |
| 18 | 198 Hampton Park Cir | $2380 | 4 | 2 | 1779 | 3.7 mi |
| 19 | 2021 Sage Dr | $2200 | 4 | 2.5 | 1883 | 3 mi |
| 20 | 140 Dorian Loop | $2225 | 4 | 2 | 1708 | 3.2 mi |
| 21 | 1555 Swing Bridge Way | $2400 | 4 | 2 | 1885 | 4.6 mi |
| 22 | 1732 Promise Pl | $2300 | 4 | 2.5 | 1884 | 3.1 mi |
| 23 | 268 Hampton Park Cir | $2150 | 4 | 2 | 1729 | 3.5 mi |
| 24 | 5117 Stockyard Loop | $2500 | 4 | 2.5 | 2400 | 2 mi |
| 25 | 115 Dorian Loop | $2195 | 4 | 2.5 | 1800 | 3.2 mi |
Projections