This property could be a profitable Long-Term investment with a projected 10.23% first-year return on $61,257 initial cash invested.
10.23%
Cash On Cash
9.17%
Cap Rate
1.48
DSCR
$3,974
Rent
$522
Cashflow
Cash Flow
$3,974 income − $3,452 expenses = $522 cash flow
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,257
Downpayment
20%
$58,340
Closing costs
1%
$2,917
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,974
Total Expenses
$3,452
Mortgage P&I
38%
$1,507
Property Taxes
21%
$818
Home Insurance
2%
$94
HOA
0%
$0
Property Management
10%
$397
CapEx
5%
$199
Vacancy
6%
$238
Maintenance
5%
$199
Other
0%
$0