This property could be a profitable Mid-Term investment with a projected 10.97% first-year return on $103k initial cash invested.
10.97%
Cash On Cash
9.97%
Cap Rate
1.53
DSCR
$5,463
Rent
$942
Cashflow
Cash Flow
$5,463 income − $4,521 expenses = $942 cash flow
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,020
Closing costs
1%
$4,051
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,463
Total Expenses
$4,521
Mortgage P&I
40%
$2,205
Property Taxes
6%
$308
Home Insurance
3%
$149
HOA
0%
$0
Property Management
12%
$656
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$601