This property could be a profitable Mid-Term investment with a projected 24.59% first-year return on $40,260 initial cash invested.
24.59%
Cash On Cash
17.05%
Cap Rate
2.58
DSCR
$2,427
Rent
$825
Cashflow
Cash Flow
$2,427 income − $1,602 expenses = $825 cash flow
Investment Breakdown
|
Purchase Price
$106k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,260
Downpayment
20%
$21,200
Closing costs
1%
$1,060
Rehab
0%
$0
Furnishing
17%
$18,000
Cashflow
Total Income
$2,427
Total Expenses
$1,602
Mortgage P&I
24%
$584
Property Taxes
6%
$156
Home Insurance
2%
$37
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267