Property Details | |
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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 | |
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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 | |
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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% |