This property could be a profitable Mid-Term investment with a projected 24.34% first-year return on $42,990 initial cash invested.
24.34%
Cash On Cash
16.12%
Cap Rate
2.58
DSCR
$2,674
Rent
$872
Cashflow
Cash Flow
$2,674 income − $1,802 expenses = $872 cash flow
Investment Breakdown
|
Purchase Price
$119k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,990
Downpayment
20%
$23,800
Closing costs
1%
$1,190
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$2,674
Total Expenses
$1,802
Mortgage P&I
23%
$620
Property Taxes
9%
$231
Home Insurance
2%
$42
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294