This property could be a profitable Mid-Term investment with a projected 23.7% first-year return on $56,808 initial cash invested.
23.7%
Cash On Cash
14.47%
Cap Rate
2.38
DSCR
$4,214
Rent
$1,122
Cashflow
Cash Flow
$4,214 income − $3,092 expenses = $1,122 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,808
Downpayment
20%
$36,960
Closing costs
1%
$1,848
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$4,214
Total Expenses
$3,092
Mortgage P&I
22%
$938
Property Taxes
16%
$674
Home Insurance
1%
$46
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464