This property could be a profitable Long-Term investment with a projected 22.05% first-year return on $32,550 initial cash invested.
22.05%
Cash On Cash
11.74%
Cap Rate
1.85
DSCR
$2,009
Rent
$598
Cashflow
Cash Flow
$2,009 income − $1,411 expenses = $598 cash flow
Investment Breakdown
|
Purchase Price
$155k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$32,550
Downpayment
20%
$31,000
Closing costs
1%
$1,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,009
Total Expenses
$1,411
Mortgage P&I
41%
$818
Property Taxes
1%
$17
Home Insurance
3%
$54
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0