This property could be a profitable Mid-Term investment with a projected 10.38% first-year return on $56,640 initial cash invested.
10.38%
Cash On Cash
10.42%
Cap Rate
1.58
DSCR
$2,480
Rent
$490
Cashflow
Cash Flow
$2,480 income − $1,990 expenses = $490 cash flow
Investment Breakdown
|
Purchase Price
$184k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,640
Downpayment
20%
$36,800
Closing costs
1%
$1,840
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,480
Total Expenses
$1,990
Mortgage P&I
41%
$1,008
Property Taxes
3%
$75
Home Insurance
3%
$64
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273