This property could be a profitable Long-Term investment with a projected 23% first-year return on $16,695 initial cash invested.
23%
Cash On Cash
12.08%
Cap Rate
1.9
DSCR
$1,192
Rent
$320
Cashflow
Cash Flow
$1,192 income − $872 expenses = $320 cash flow
Investment Breakdown
|
Purchase Price
$79,500
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$16,695
Downpayment
20%
$15,900
Closing costs
1%
$795
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,192
Total Expenses
$872
Mortgage P&I
35%
$420
Property Taxes
9%
$113
Home Insurance
2%
$28
HOA
0%
$0
Property Management
10%
$119
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0