This property could be a profitable Mid-Term investment with a projected 13.21% first-year return on $42,255 initial cash invested.
13.21%
Cash On Cash
12.29%
Cap Rate
1.85
DSCR
$1,989
Rent
$465
Cashflow
Cash Flow
$1,989 income − $1,524 expenses = $465 cash flow
Investment Breakdown
|
Purchase Price
$116k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,255
Downpayment
20%
$23,100
Closing costs
1%
$1,155
Rehab
0%
$0
Furnishing
16%
$18,000
Cashflow
Total Income
$1,989
Total Expenses
$1,524
Mortgage P&I
32%
$638
Property Taxes
8%
$156
Home Insurance
3%
$52
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219