This property could be a profitable Long-Term investment with a projected 14.18% first-year return on $23,100 initial cash invested.
14.18%
Cash On Cash
10.55%
Cap Rate
1.56
DSCR
$1,496
Rent
$273
Cashflow
Cash Flow
$1,496 income − $1,223 expenses = $273 cash flow
Investment Breakdown
|
Purchase Price
$110k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$23,100
Downpayment
20%
$22,000
Closing costs
1%
$1,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,496
Total Expenses
$1,223
Mortgage P&I
41%
$619
Property Taxes
12%
$176
Home Insurance
3%
$38
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0