This property could be a profitable Mid-Term investment with a projected 22.61% first-year return on $48,450 initial cash invested.
22.61%
Cash On Cash
14.9%
Cap Rate
2.32
DSCR
$2,770
Rent
$913
Cashflow
Cash Flow
$2,770 income − $1,857 expenses = $913 cash flow
Investment Breakdown
|
Purchase Price
$145k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,450
Downpayment
20%
$29,000
Closing costs
1%
$1,450
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$2,770
Total Expenses
$1,857
Mortgage P&I
28%
$777
Property Taxes
3%
$87
Home Insurance
2%
$51
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305