This property could be a profitable Mid-Term investment with a projected 16.04% first-year return on $58,740 initial cash invested.
16.04%
Cash On Cash
12.43%
Cap Rate
1.83
DSCR
$3,142
Rent
$785
Cashflow
Cash Flow
$3,142 income − $2,357 expenses = $785 cash flow
Investment Breakdown
|
Purchase Price
$194k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,740
Downpayment
20%
$38,800
Closing costs
1%
$1,940
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,142
Total Expenses
$2,357
Mortgage P&I
35%
$1,098
Property Taxes
3%
$106
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346