This property could be a profitable Long-Term investment with a projected 70.24% first-year return on $10,080 initial cash invested.
70.24%
Cash On Cash
23.18%
Cap Rate
3.43
DSCR
$1,345
Rent
$590
Cashflow
Cash Flow
$1,345 income − $755 expenses = $590 cash flow
Investment Breakdown
|
Purchase Price
$48,000
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$10,080
Downpayment
20%
$9,600
Closing costs
1%
$480
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,345
Total Expenses
$755
Mortgage P&I
20%
$270
Property Taxes
9%
$119
Home Insurance
1%
$17
HOA
0%
$0
Property Management
10%
$134
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0