This property could be a profitable Mid-Term investment with a projected 23.38% first-year return on $60,000 initial cash invested.
23.38%
Cash On Cash
14.6%
Cap Rate
2.2
DSCR
$4,002
Rent
$1,169
Cashflow
Cash Flow
$4,002 income − $2,833 expenses = $1,169 cash flow
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,000
Downpayment
20%
$40,000
Closing costs
1%
$2,000
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$4,002
Total Expenses
$2,833
Mortgage P&I
28%
$1,105
Property Taxes
7%
$298
Home Insurance
2%
$70
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440