This property could be a profitable Mid-Term investment with a projected 15.9% first-year return on $63,150 initial cash invested.
15.9%
Cash On Cash
12.21%
Cap Rate
1.82
DSCR
$3,730
Rent
$837
Cashflow
Cash Flow
$3,730 income − $2,893 expenses = $837 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,730
Total Expenses
$2,893
Mortgage P&I
32%
$1,201
Property Taxes
9%
$349
Home Insurance
2%
$75
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410