This property could be a profitable Mid-Term investment with a projected 10.68% first-year return on $63,045 initial cash invested.
10.68%
Cash On Cash
10.62%
Cap Rate
1.56
DSCR
$2,992
Rent
$561
Cashflow
Cash Flow
$2,992 income − $2,431 expenses = $561 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,045
Downpayment
20%
$42,900
Closing costs
1%
$2,145
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,992
Total Expenses
$2,431
Mortgage P&I
41%
$1,218
Property Taxes
4%
$120
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329