This property could be a profitable Long-Term investment with a projected 15.73% first-year return on $29,379 initial cash invested.
15.73%
Cash On Cash
10.79%
Cap Rate
1.63
DSCR
$1,972
Rent
$385
Cashflow
Cash Flow
$1,972 income − $1,587 expenses = $385 cash flow
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$29,379
Downpayment
20%
$27,980
Closing costs
1%
$1,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,972
Total Expenses
$1,587
Mortgage P&I
39%
$774
Property Taxes
13%
$251
Home Insurance
2%
$49
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0