This property could be a profitable Mid-Term investment with a projected 14.24% first-year return on $62,793 initial cash invested.
14.24%
Cash On Cash
11.39%
Cap Rate
1.76
DSCR
$3,234
Rent
$745
Cashflow
Cash Flow
$3,234 income − $2,489 expenses = $745 cash flow
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,793
Downpayment
20%
$42,660
Closing costs
1%
$2,133
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,234
Total Expenses
$2,489
Mortgage P&I
36%
$1,150
Property Taxes
5%
$152
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356