This property could be a profitable Long-Term investment with a projected 14% first-year return on $29,400 initial cash invested.
14%
Cash On Cash
10.15%
Cap Rate
1.56
DSCR
$1,663
Rent
$343
Cashflow
Cash Flow
$1,663 income − $1,320 expenses = $343 cash flow
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$29,400
Downpayment
20%
$28,000
Closing costs
1%
$1,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,663
Total Expenses
$1,320
Mortgage P&I
46%
$758
Property Taxes
5%
$81
Home Insurance
3%
$49
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0