This property could be a profitable Long-Term investment with a projected 98.98% first-year return on $11,760 initial cash invested.
98.98%
Cash On Cash
29.36%
Cap Rate
4.42
DSCR
$1,810
Rent
$970
Cashflow
Cash Flow
$1,810 income − $840 expenses = $970 cash flow
Investment Breakdown
|
Purchase Price
$56,000
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$11,760
Downpayment
20%
$11,200
Closing costs
1%
$560
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,810
Total Expenses
$840
Mortgage P&I
17%
$310
Property Taxes
2%
$40
Home Insurance
1%
$20
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0