This property could be a profitable Mid-Term investment with a projected 20.19% first-year return on $59,202 initial cash invested.
20.19%
Cash On Cash
13.6%
Cap Rate
2.05
DSCR
$3,596
Rent
$996
Cashflow
Cash Flow
$3,596 income − $2,600 expenses = $996 cash flow
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,202
Downpayment
20%
$39,240
Closing costs
1%
$1,962
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,596
Total Expenses
$2,600
Mortgage P&I
30%
$1,084
Property Taxes
5%
$185
Home Insurance
2%
$70
HOA
1%
$37
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396