This property could be a profitable Mid-Term investment with a projected 11.77% first-year return on $57,585 initial cash invested.
11.77%
Cash On Cash
10.6%
Cap Rate
1.68
DSCR
$2,667
Rent
$565
Cashflow
Cash Flow
$2,667 income − $2,102 expenses = $565 cash flow
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,585
Downpayment
20%
$37,700
Closing costs
1%
$1,885
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,667
Total Expenses
$2,102
Mortgage P&I
37%
$993
Property Taxes
5%
$136
Home Insurance
2%
$66
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293