This property could be a profitable Mid-Term investment with a projected 23.03% first-year return on $42,570 initial cash invested.
23.03%
Cash On Cash
16.1%
Cap Rate
2.38
DSCR
$2,331
Rent
$817
Cashflow
Cash Flow
$2,331 income − $1,514 expenses = $817 cash flow
Investment Breakdown
|
Purchase Price
$117k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,570
Downpayment
20%
$23,400
Closing costs
1%
$1,170
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$2,331
Total Expenses
$1,514
Mortgage P&I
28%
$660
Property Taxes
1%
$16
Home Insurance
2%
$46
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256