This property could be a profitable Mid-Term investment with a projected 26.27% first-year return on $68,295 initial cash invested.
26.27%
Cash On Cash
15.06%
Cap Rate
2.27
DSCR
$4,684
Rent
$1,495
Cashflow
Cash Flow
$4,684 income − $3,189 expenses = $1,495 cash flow
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,295
Downpayment
20%
$47,900
Closing costs
1%
$2,395
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$4,684
Total Expenses
$3,189
Mortgage P&I
28%
$1,323
Property Taxes
4%
$197
Home Insurance
2%
$77
HOA
0%
$0
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$141
Maintenance
4%
$187
Other
11%
$515