This property could be a profitable Mid-Term investment with a projected 13.95% first-year return on $62,604 initial cash invested.
13.95%
Cash On Cash
11.36%
Cap Rate
1.75
DSCR
$3,386
Rent
$728
Cashflow
Cash Flow
$3,386 income − $2,658 expenses = $728 cash flow
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,604
Downpayment
20%
$42,480
Closing costs
1%
$2,124
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,386
Total Expenses
$2,658
Mortgage P&I
34%
$1,148
Property Taxes
8%
$285
Home Insurance
2%
$75
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$102
Maintenance
4%
$135
Other
11%
$372