This property could be a profitable Long-Term investment with a projected 20.5% first-year return on $24,990 initial cash invested.
20.5%
Cash On Cash
11.46%
Cap Rate
1.83
DSCR
$1,783
Rent
$427
Cashflow
Cash Flow
$1,783 income − $1,356 expenses = $427 cash flow
Investment Breakdown
|
Purchase Price
$119k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,990
Downpayment
20%
$23,800
Closing costs
1%
$1,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,783
Total Expenses
$1,356
Mortgage P&I
35%
$620
Property Taxes
13%
$231
Home Insurance
2%
$42
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0