This property could be a profitable Mid-Term investment with a projected 23.16% first-year return on $48,450 initial cash invested.
23.16%
Cash On Cash
14.92%
Cap Rate
2.41
DSCR
$2,974
Rent
$935
Cashflow
Cash Flow
$2,974 income − $2,039 expenses = $935 cash flow
Investment Breakdown
|
Purchase Price
$145k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,450
Downpayment
20%
$29,000
Closing costs
1%
$1,450
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$2,974
Total Expenses
$2,039
Mortgage P&I
25%
$749
Property Taxes
8%
$228
Home Insurance
2%
$51
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327