This property could be a profitable Long-Term investment with a projected 15.14% first-year return on $61,047 initial cash invested.
15.14%
Cash On Cash
10.03%
Cap Rate
1.63
DSCR
$3,397
Rent
$770
Cashflow
Cash Flow
$3,397 income − $2,627 expenses = $770 cash flow
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,047
Downpayment
20%
$58,140
Closing costs
1%
$2,907
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,397
Total Expenses
$2,627
Mortgage P&I
44%
$1,489
Property Taxes
4%
$149
Home Insurance
3%
$105
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0