This property could be a profitable Mid-Term investment with a projected 13.23% first-year return on $66,489 initial cash invested.
13.23%
Cash On Cash
11.04%
Cap Rate
1.69
DSCR
$3,316
Rent
$733
Cashflow
Cash Flow
$3,316 income − $2,583 expenses = $733 cash flow
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,489
Downpayment
20%
$46,180
Closing costs
1%
$2,309
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,316
Total Expenses
$2,583
Mortgage P&I
38%
$1,259
Property Taxes
4%
$116
Home Insurance
2%
$80
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365