This property could be a profitable Long-Term investment with a projected 37.91% first-year return on $24,339 initial cash invested.
37.91%
Cash On Cash
15.83%
Cap Rate
2.35
DSCR
$2,172
Rent
$769
Cashflow
Cash Flow
$2,172 income − $1,403 expenses = $769 cash flow
Investment Breakdown
|
Purchase Price
$116k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,339
Downpayment
20%
$23,180
Closing costs
1%
$1,159
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,172
Total Expenses
$1,403
Mortgage P&I
30%
$651
Property Taxes
5%
$117
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0