This property could be a profitable Long-Term investment with a projected 43.69% first-year return on $13,020 initial cash invested.
43.69%
Cash On Cash
16.94%
Cap Rate
2.6
DSCR
$1,277
Rent
$474
Cashflow
Cash Flow
$1,277 income − $803 expenses = $474 cash flow
Investment Breakdown
|
Purchase Price
$62,000
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$13,020
Downpayment
20%
$12,400
Closing costs
1%
$620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,277
Total Expenses
$803
Mortgage P&I
26%
$337
Property Taxes
4%
$51
Home Insurance
6%
$82
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0