This property could be a profitable Long-Term investment with a projected 13.2% first-year return on $60,900 initial cash invested.
13.2%
Cash On Cash
9.51%
Cap Rate
1.57
DSCR
$3,257
Rent
$670
Cashflow
Cash Flow
$3,257 income − $2,587 expenses = $670 cash flow
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,257
Total Expenses
$2,587
Mortgage P&I
45%
$1,465
Property Taxes
5%
$173
Home Insurance
3%
$102
HOA
0%
$0
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$195
Maintenance
5%
$163
Other
0%
$0