This property could be a profitable Long-Term investment with a projected 34.53% first-year return on $23,982 initial cash invested.
34.53%
Cash On Cash
14.73%
Cap Rate
2.32
DSCR
$2,155
Rent
$690
Cashflow
Cash Flow
$2,155 income − $1,465 expenses = $690 cash flow
Investment Breakdown
|
Purchase Price
$114k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$23,982
Downpayment
20%
$22,840
Closing costs
1%
$1,142
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,155
Total Expenses
$1,465
Mortgage P&I
28%
$604
Property Taxes
11%
$244
Home Insurance
3%
$56
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0