This property could be a profitable Mid-Term investment with a projected 33.14% first-year return on $42,360 initial cash invested.
33.14%
Cash On Cash
19.59%
Cap Rate
3.1
DSCR
$2,860
Rent
$1,170
Cashflow
Cash Flow
$2,860 income − $1,690 expenses = $1,170 cash flow
Investment Breakdown
|
Purchase Price
$116k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,360
Downpayment
20%
$23,200
Closing costs
1%
$1,160
Rehab
0%
$0
Furnishing
16%
$18,000
Cashflow
Total Income
$2,860
Total Expenses
$1,690
Mortgage P&I
21%
$610
Property Taxes
2%
$58
Home Insurance
2%
$50
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$315