This property could be a profitable Mid-Term investment with a projected 10.47% first-year return on $66,132 initial cash invested.
10.47%
Cash On Cash
9.79%
Cap Rate
1.61
DSCR
$3,201
Rent
$577
Cashflow
Cash Flow
$3,201 income − $2,624 expenses = $577 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,132
Downpayment
20%
$45,840
Closing costs
1%
$2,292
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,201
Total Expenses
$2,624
Mortgage P&I
36%
$1,164
Property Taxes
10%
$315
Home Insurance
2%
$57
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352