This property could be a profitable Long-Term investment with a projected 10.39% first-year return on $56,700 initial cash invested.
10.39%
Cash On Cash
9.36%
Cap Rate
1.43
DSCR
$2,931
Rent
$491
Cashflow
Cash Flow
$2,931 income − $2,440 expenses = $491 cash flow
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,931
Total Expenses
$2,440
Mortgage P&I
50%
$1,469
Property Taxes
4%
$114
Home Insurance
3%
$94
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0