This property could be a profitable Mid-Term investment with a projected 12.93% first-year return on $63,108 initial cash invested.
12.93%
Cash On Cash
11.13%
Cap Rate
1.68
DSCR
$3,122
Rent
$680
Cashflow
Cash Flow
$3,122 income − $2,442 expenses = $680 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,108
Downpayment
20%
$42,960
Closing costs
1%
$2,148
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,122
Total Expenses
$2,442
Mortgage P&I
38%
$1,187
Property Taxes
4%
$116
Home Insurance
2%
$77
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343