This property could be a profitable Mid-Term investment with a projected 11.8% first-year return on $69,429 initial cash invested.
11.8%
Cash On Cash
10.45%
Cap Rate
1.62
DSCR
$3,424
Rent
$683
Cashflow
Cash Flow
$3,424 income − $2,741 expenses = $683 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,429
Downpayment
20%
$48,980
Closing costs
1%
$2,449
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,424
Total Expenses
$2,741
Mortgage P&I
38%
$1,313
Property Taxes
5%
$177
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377