This property could be a profitable Long-Term investment with a projected 22.52% first-year return on $25,200 initial cash invested.
22.52%
Cash On Cash
12%
Cap Rate
1.91
DSCR
$1,989
Rent
$473
Cashflow
Cash Flow
$1,989 income − $1,516 expenses = $473 cash flow
Investment Breakdown
|
Purchase Price
$120k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$25,200
Downpayment
20%
$24,000
Closing costs
1%
$1,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,989
Total Expenses
$1,516
Mortgage P&I
32%
$628
Property Taxes
16%
$312
Home Insurance
3%
$60
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0