This property could be a profitable Long-Term investment with a projected 14.18% first-year return on $38,493 initial cash invested.
14.18%
Cash On Cash
10.32%
Cap Rate
1.6
DSCR
$2,662
Rent
$455
Cashflow
Cash Flow
$2,662 income − $2,207 expenses = $455 cash flow
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,493
Downpayment
20%
$36,660
Closing costs
1%
$1,833
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,662
Total Expenses
$2,207
Mortgage P&I
37%
$988
Property Taxes
17%
$464
Home Insurance
2%
$63
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0