This property could be a profitable Mid-Term investment with a projected 14.64% first-year return on $32,700 initial cash invested.
14.64%
Cash On Cash
14.31%
Cap Rate
2.24
DSCR
$1,578
Rent
$399
Cashflow
Cash Flow
$1,578 income − $1,179 expenses = $399 cash flow
Investment Breakdown
|
Purchase Price
$70,000
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$32,700
Downpayment
20%
$14,000
Closing costs
1%
$700
Rehab
0%
$0
Furnishing
26%
$18,000
Cashflow
Total Income
$1,578
Total Expenses
$1,179
Mortgage P&I
24%
$373
Property Taxes
16%
$246
Home Insurance
2%
$24
HOA
0%
$0
Property Management
12%
$189
CapEx
4%
$63
Vacancy
3%
$47
Maintenance
4%
$63
Other
11%
$174