This property could be a profitable Mid-Term investment with a projected 11.9% first-year return on $62,814 initial cash invested.
11.9%
Cash On Cash
10.77%
Cap Rate
1.63
DSCR
$2,944
Rent
$623
Cashflow
Cash Flow
$2,944 income − $2,321 expenses = $623 cash flow
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,814
Downpayment
20%
$42,680
Closing costs
1%
$2,134
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,944
Total Expenses
$2,321
Mortgage P&I
40%
$1,174
Property Taxes
2%
$69
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324