This property could be a profitable Long-Term investment with a projected 33.75% first-year return on $24,675 initial cash invested.
33.75%
Cash On Cash
15.01%
Cap Rate
2.2
DSCR
$2,164
Rent
$694
Cashflow
Cash Flow
$2,164 income − $1,470 expenses = $694 cash flow
Investment Breakdown
|
Purchase Price
$118k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,675
Downpayment
20%
$23,500
Closing costs
1%
$1,175
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,164
Total Expenses
$1,470
Mortgage P&I
31%
$668
Property Taxes
9%
$188
Home Insurance
2%
$52
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0