This property could be a profitable Long-Term investment with a projected 13.02% first-year return on $38,808 initial cash invested.
13.02%
Cash On Cash
9.73%
Cap Rate
1.6
DSCR
$2,809
Rent
$421
Cashflow
Cash Flow
$2,809 income − $2,388 expenses = $421 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,808
Downpayment
20%
$36,960
Closing costs
1%
$1,848
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,809
Total Expenses
$2,388
Mortgage P&I
33%
$938
Property Taxes
24%
$674
Home Insurance
2%
$46
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$169
Maintenance
5%
$140
Other
0%
$0