This property could be a profitable Mid-Term investment with a projected 28.29% first-year return on $106k initial cash invested.
28.29%
Cash On Cash
14.68%
Cap Rate
2.24
DSCR
$8,402
Rent
$2,499
Cashflow
Cash Flow
$8,402 income − $5,903 expenses = $2,499 cash flow
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$8,402
Total Expenses
$5,903
Mortgage P&I
27%
$2,292
Property Taxes
7%
$608
Home Insurance
2%
$147
HOA
0%
$0
Property Management
12%
$1,008
CapEx
4%
$336
Vacancy
3%
$252
Maintenance
4%
$336
Other
11%
$924