This property could be a profitable Long-Term investment with a projected 31.64% first-year return on $24,990 initial cash invested.
31.64%
Cash On Cash
14.47%
Cap Rate
2.16
DSCR
$2,248
Rent
$659
Cashflow
Cash Flow
$2,248 income − $1,589 expenses = $659 cash flow
Investment Breakdown
|
Purchase Price
$119k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,990
Downpayment
20%
$23,800
Closing costs
1%
$1,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,248
Total Expenses
$1,589
Mortgage P&I
30%
$664
Property Taxes
13%
$299
Home Insurance
2%
$42
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0