This property could be a profitable Mid-Term investment with a projected 10.88% first-year return on $142k initial cash invested.
10.88%
Cash On Cash
9.73%
Cap Rate
1.5
DSCR
$7,482
Rent
$1,286
Cashflow
Cash Flow
$7,482 income − $6,196 expenses = $1,286 cash flow
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,895
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,482
Total Expenses
$6,196
Mortgage P&I
43%
$3,195
Property Taxes
3%
$241
Home Insurance
3%
$217
HOA
0%
$0
Property Management
12%
$898
CapEx
4%
$299
Vacancy
3%
$224
Maintenance
4%
$299
Other
11%
$823