This property could be a profitable Mid-Term investment with a projected 19.73% first-year return on $52,293 initial cash invested.
19.73%
Cash On Cash
13.93%
Cap Rate
2.13
DSCR
$3,684
Rent
$860
Cashflow
Cash Flow
$3,684 income − $2,824 expenses = $860 cash flow
Investment Breakdown
|
Purchase Price
$163k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,293
Downpayment
20%
$32,660
Closing costs
1%
$1,633
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$3,684
Total Expenses
$2,824
Mortgage P&I
24%
$888
Property Taxes
15%
$537
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$111
Maintenance
4%
$147
Other
11%
$405