This property could be a profitable Mid-Term investment with a projected 10.5% first-year return on $79,635 initial cash invested.
10.5%
Cash On Cash
10.05%
Cap Rate
1.56
DSCR
$4,566
Rent
$697
Cashflow
Cash Flow
$4,566 income − $3,869 expenses = $697 cash flow
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,635
Downpayment
20%
$58,700
Closing costs
1%
$2,935
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,566
Total Expenses
$3,869
Mortgage P&I
35%
$1,579
Property Taxes
14%
$634
Home Insurance
2%
$103
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$502