This property could be a profitable Long-Term investment with a projected 20.55% first-year return on $46,200 initial cash invested.
20.55%
Cash On Cash
11.57%
Cap Rate
1.83
DSCR
$3,379
Rent
$791
Cashflow
Cash Flow
$3,379 income − $2,588 expenses = $791 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,200
Downpayment
20%
$44,000
Closing costs
1%
$2,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,379
Total Expenses
$2,588
Mortgage P&I
34%
$1,162
Property Taxes
14%
$470
Home Insurance
2%
$77
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0