This property could be a profitable Long-Term investment with a projected 48.39% first-year return on $22,890 initial cash invested.
48.39%
Cash On Cash
18.08%
Cap Rate
2.73
DSCR
$2,343
Rent
$923
Cashflow
Cash Flow
$2,343 income − $1,420 expenses = $923 cash flow
Investment Breakdown
|
Purchase Price
$109k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$22,890
Downpayment
20%
$21,800
Closing costs
1%
$1,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,343
Total Expenses
$1,420
Mortgage P&I
26%
$602
Property Taxes
7%
$171
Home Insurance
2%
$38
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0