This property could be a profitable Long-Term investment with a projected 32.27% first-year return on $31,500 initial cash invested.
32.27%
Cash On Cash
14.03%
Cap Rate
2.23
DSCR
$2,401
Rent
$847
Cashflow
Cash Flow
$2,401 income − $1,554 expenses = $847 cash flow
Investment Breakdown
|
Purchase Price
$150k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,500
Downpayment
20%
$30,000
Closing costs
1%
$1,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,401
Total Expenses
$1,554
Mortgage P&I
33%
$787
Property Taxes
4%
$91
Home Insurance
2%
$52
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0