This property could be a profitable Long-Term investment with a projected 34.19% first-year return on $24,360 initial cash invested.
34.19%
Cash On Cash
14.47%
Cap Rate
2.29
DSCR
$1,907
Rent
$694
Cashflow
Cash Flow
$1,907 income − $1,213 expenses = $694 cash flow
Investment Breakdown
|
Purchase Price
$116k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,360
Downpayment
20%
$23,200
Closing costs
1%
$1,160
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,907
Total Expenses
$1,213
Mortgage P&I
32%
$610
Property Taxes
3%
$58
Home Insurance
3%
$50
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0