This property could be a profitable Long-Term investment with a projected 19.49% first-year return on $46,179 initial cash invested.
19.49%
Cash On Cash
11.47%
Cap Rate
1.75
DSCR
$2,966
Rent
$750
Cashflow
Cash Flow
$2,966 income − $2,216 expenses = $750 cash flow
Investment Breakdown
|
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,966
Total Expenses
$2,216
Mortgage P&I
41%
$1,203
Property Taxes
6%
$165
Home Insurance
3%
$77
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0