This property could be a profitable Long-Term investment with a projected 15.8% first-year return on $29,400 initial cash invested.
15.8%
Cash On Cash
10.59%
Cap Rate
1.62
DSCR
$1,690
Rent
$387
Cashflow
Cash Flow
$1,690 income − $1,303 expenses = $387 cash flow
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$29,400
Downpayment
20%
$28,000
Closing costs
1%
$1,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,690
Total Expenses
$1,303
Mortgage P&I
45%
$764
Property Taxes
3%
$52
Home Insurance
3%
$49
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0