This property could be a profitable Mid-Term investment with a projected 13.17% first-year return on $58,026 initial cash invested.
13.17%
Cash On Cash
11.23%
Cap Rate
1.74
DSCR
$2,980
Rent
$637
Cashflow
Cash Flow
$2,980 income − $2,343 expenses = $637 cash flow
Investment Breakdown
|
Purchase Price
$191k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,026
Downpayment
20%
$38,120
Closing costs
1%
$1,906
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,980
Total Expenses
$2,343
Mortgage P&I
35%
$1,028
Property Taxes
8%
$234
Home Insurance
2%
$68
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328