This property could be a profitable Mid-Term investment with a projected 22.6% first-year return on $78,900 initial cash invested.
22.6%
Cash On Cash
13.02%
Cap Rate
2.15
DSCR
$4,886
Rent
$1,486
Cashflow
Cash Flow
$4,886 income − $3,400 expenses = $1,486 cash flow
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,900
Downpayment
20%
$58,000
Closing costs
1%
$2,900
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,886
Total Expenses
$3,400
Mortgage P&I
30%
$1,465
Property Taxes
4%
$173
Home Insurance
2%
$102
HOA
0%
$0
Property Management
12%
$586
CapEx
4%
$195
Vacancy
3%
$147
Maintenance
4%
$195
Other
11%
$537