This property could be a profitable Long-Term investment with a projected 12.05% first-year return on $59,850 initial cash invested.
12.05%
Cash On Cash
9.33%
Cap Rate
1.52
DSCR
$3,127
Rent
$601
Cashflow
Cash Flow
$3,127 income − $2,526 expenses = $601 cash flow
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,850
Downpayment
20%
$57,000
Closing costs
1%
$2,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,127
Total Expenses
$2,526
Mortgage P&I
47%
$1,460
Property Taxes
5%
$153
Home Insurance
3%
$100
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0