This property could be a profitable Long-Term investment with a projected 58.5% first-year return on $12,390 initial cash invested.
58.5%
Cash On Cash
20.46%
Cap Rate
3.11
DSCR
$1,578
Rent
$604
Cashflow
Cash Flow
$1,578 income − $974 expenses = $604 cash flow
Investment Breakdown
|
Purchase Price
$59,000
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$12,390
Downpayment
20%
$11,800
Closing costs
1%
$590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,578
Total Expenses
$974
Mortgage P&I
20%
$323
Property Taxes
14%
$219
Home Insurance
1%
$21
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0