This property could be a profitable Long-Term investment with a projected 15.47% first-year return on $31,500 initial cash invested.
15.47%
Cash On Cash
10.45%
Cap Rate
1.63
DSCR
$2,003
Rent
$406
Cashflow
Cash Flow
$2,003 income − $1,597 expenses = $406 cash flow
Investment Breakdown
|
Purchase Price
$150k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,500
Downpayment
20%
$30,000
Closing costs
1%
$1,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,003
Total Expenses
$1,597
Mortgage P&I
40%
$800
Property Taxes
11%
$225
Home Insurance
3%
$52
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0