This property could be a profitable Long-Term investment with a projected 23.24% first-year return on $50,400 initial cash invested.
23.24%
Cash On Cash
12.52%
Cap Rate
1.84
DSCR
$3,407
Rent
$976
Cashflow
Cash Flow
$3,407 income − $2,431 expenses = $976 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,407
Total Expenses
$2,431
Mortgage P&I
40%
$1,358
Property Taxes
3%
$104
Home Insurance
2%
$84
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0