This property could be a profitable Mid-Term investment with a projected 10.21% first-year return on $70,500 initial cash invested.
10.21%
Cash On Cash
9.87%
Cap Rate
1.58
DSCR
$3,861
Rent
$600
Cashflow
Cash Flow
$3,861 income − $3,261 expenses = $600 cash flow
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,500
Downpayment
20%
$50,000
Closing costs
1%
$2,500
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,861
Total Expenses
$3,261
Mortgage P&I
34%
$1,302
Property Taxes
14%
$559
Home Insurance
2%
$88
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$425