This property could be a profitable Mid-Term investment with a projected 22.23% first-year return on $41,247 initial cash invested.
22.23%
Cash On Cash
15.92%
Cap Rate
2.4
DSCR
$2,320
Rent
$764
Cashflow
Cash Flow
$2,320 income − $1,556 expenses = $764 cash flow
Investment Breakdown
|
Purchase Price
$111k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,247
Downpayment
20%
$22,140
Closing costs
1%
$1,107
Rehab
0%
$0
Furnishing
16%
$18,000
Cashflow
Total Income
$2,320
Total Expenses
$1,556
Mortgage P&I
26%
$612
Property Taxes
4%
$92
Home Insurance
3%
$63
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255