This property could be a profitable Mid-Term investment with a projected 13.62% first-year return on $59,580 initial cash invested.
13.62%
Cash On Cash
11.16%
Cap Rate
1.76
DSCR
$3,062
Rent
$676
Cashflow
Cash Flow
$3,062 income − $2,386 expenses = $676 cash flow
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,580
Downpayment
20%
$39,600
Closing costs
1%
$1,980
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,062
Total Expenses
$2,386
Mortgage P&I
34%
$1,044
Property Taxes
7%
$223
Home Insurance
2%
$69
HOA
0%
$10
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337