| Property Details | |
|---|---|
| Purchase Price | 200,000 |
| Closing Cost | 4,000 |
| Repair Cost | 5,000 |
| Total Project Cost | 209,000 |
| Down Payment | |
|---|---|
| Down Payment % | 20.00% |
| Down Payment Amount | 40,000.00 |
| Total Cash Needed | 49,000.00 |
| Loan Terms | |
|---|---|
| Loan Amount | 160,000.00 |
| Loan Years | 30 |
| Interest Rate | 4.0% |
| Income | |
|---|---|
| Rental Income | 2,100.00 |
| Misc Income | - |
| Total Income | 2,100.00 |
| Expenses | |
|---|---|
| Principal & Interest | 763.86 |
| Property Tax | 250.00 |
| Insurance | 66.67 |
| Utilities (4.0%) | 84.00 |
| Vacancy (5.0%) | 105.00 |
| Repairs (5.0%) | 105.00 |
| CapEx (5.0%) | 105.00 |
| Management (8.0%) | 168.00 |
| HOA Fees | - |
| Misc Expenses | - |
| Total Expenses | 1,647.53 |
| Summary | |
|---|---|
| Cash Flow (monthly) | 452.47 |
| Cash Flow Per Unit | 226.24 |
| Net Operating Income (monthly) | 1,216.33 |
| Debt Service Coverage Ratio | 1.59 |
| Gross Rent Multiplier | 95.24 |
| Capitalization Rate | 6.98% |
| Cash on Cash Return | 11.08% |