This property could be a profitable Mid-Term investment with a projected 10.95% first-year return on $53,700 initial cash invested.
10.95%
Cash On Cash
10.76%
Cap Rate
1.65
DSCR
$2,799
Rent
$490
Cashflow
Cash Flow
$2,799 income − $2,309 expenses = $490 cash flow
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,700
Downpayment
20%
$34,000
Closing costs
1%
$1,700
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,799
Total Expenses
$2,309
Mortgage P&I
33%
$923
Property Taxes
13%
$374
Home Insurance
2%
$60
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308