This property could be a profitable Long-Term investment with a projected 24.8% first-year return on $58,842 initial cash invested.
24.8%
Cash On Cash
12.45%
Cap Rate
1.98
DSCR
$4,437
Rent
$1,216
Cashflow
Cash Flow
$4,437 income − $3,221 expenses = $1,216 cash flow
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,842
Downpayment
20%
$56,040
Closing costs
1%
$2,802
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,437
Total Expenses
$3,221
Mortgage P&I
33%
$1,469
Property Taxes
10%
$458
Home Insurance
3%
$140
HOA
0%
$0
Property Management
10%
$444
CapEx
5%
$222
Vacancy
6%
$266
Maintenance
5%
$222
Other
0%
$0