If you are paying a 4 percent interest rate, your principal and interest payment will be about 382 (check out the bank rate mortgage calculator for calculating mortgage payments). You are only making 118 a month cash flow after subtracting the mortgage payment, but you are making 7 percent cash on cash return due to the lower initial investment. Additional benefits of getting a loan on a rental property.
Even though the cash on cash return is 7 percent, you are actually making much more than a 7 percent total return in the above scenario. You are also paying down the principle on the loan by an average of 118 each month.
That 118 equals another 7 percent return on your money that you would not have on a cash purchase. You have more than doubled your return by getting a mortgage instead of cash loan in airtel money cash.
The exciting part about using leverage is when you get a higher cash flow, the returns increase even more. If you can make 800 a month cash flow without a mortgage, you will be making 9.
6 percent cash on cash return.
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Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice. This website is not an offer to lend. icashloans. com is not a lender and cash loan in airtel money not make loan or credit decisions. icashloans. com connects interested persons with a lender from its network of approved lenders.
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