This property could be a profitable Mid-Term investment with a projected 62.57% first-year return on $28,500 initial cash invested.
62.57%
Cash On Cash
45.22%
Cap Rate
6.73
DSCR
$2,956
Rent
$1,486
Cashflow
Cash Flow
$2,956 income − $1,470 expenses = $1,486 cash flow
Investment Breakdown
|
Purchase Price
$50,000
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$28,500
Downpayment
20%
$10,000
Closing costs
1%
$500
Rehab
0%
$0
Furnishing
36%
$18,000
Cashflow
Total Income
$2,956
Total Expenses
$1,470
Mortgage P&I
9%
$280
Property Taxes
6%
$167
Home Insurance
1%
$18
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325