This property could be a profitable Long-Term investment with a projected 23.19% first-year return on $30,996 initial cash invested.
23.19%
Cash On Cash
12.44%
Cap Rate
1.86
DSCR
$2,181
Rent
$599
Cashflow
Cash Flow
$2,181 income − $1,582 expenses = $599 cash flow
Investment Breakdown
|
Purchase Price
$148k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$30,996
Downpayment
20%
$29,520
Closing costs
1%
$1,476
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,181
Total Expenses
$1,582
Mortgage P&I
38%
$822
Property Taxes
6%
$141
Home Insurance
2%
$52
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0