This property could be a profitable Mid-Term investment with a projected 10.96% first-year return on $62,499 initial cash invested.
10.96%
Cash On Cash
10.26%
Cap Rate
1.61
DSCR
$2,820
Rent
$571
Cashflow
Cash Flow
$2,820 income − $2,249 expenses = $571 cash flow
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,499
Downpayment
20%
$42,380
Closing costs
1%
$2,119
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,820
Total Expenses
$2,249
Mortgage P&I
40%
$1,128
Property Taxes
3%
$85
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310