This property could be a profitable Long-Term investment with a projected 32.11% first-year return on $24,738 initial cash invested.
32.11%
Cash On Cash
14.43%
Cap Rate
2.2
DSCR
$2,211
Rent
$662
Cashflow
Cash Flow
$2,211 income − $1,549 expenses = $662 cash flow
Investment Breakdown
|
Purchase Price
$118k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,738
Downpayment
20%
$23,560
Closing costs
1%
$1,178
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,211
Total Expenses
$1,549
Mortgage P&I
29%
$644
Property Taxes
12%
$268
Home Insurance
3%
$61
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0