This property could be a profitable Mid-Term investment with a projected 10.16% first-year return on $57,879 initial cash invested.
10.16%
Cash On Cash
10.23%
Cap Rate
1.58
DSCR
$2,620
Rent
$490
Cashflow
Cash Flow
$2,620 income − $2,130 expenses = $490 cash flow
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,879
Downpayment
20%
$37,980
Closing costs
1%
$1,899
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,620
Total Expenses
$2,130
Mortgage P&I
39%
$1,024
Property Taxes
6%
$149
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288