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 paying cash. The exciting part about using leverage is when you get a higher cash flow, the returns increase even more.
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There are no fees and no obligations to accept the loan presented. Instant Funding. You can get approved instantly and access your money within 24 hours. Agree to your lender's terms and your funds can be directly deposited into your bank account without any additional paperwork.
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