This property could be a profitable Mid-Term investment with a projected 10.74% first-year return on $64,473 initial cash invested.
10.74%
Cash On Cash
10.28%
Cap Rate
1.59
DSCR
$3,140
Rent
$577
Cashflow
Cash Flow
$3,140 income − $2,563 expenses = $577 cash flow
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,473
Downpayment
20%
$44,260
Closing costs
1%
$2,213
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,140
Total Expenses
$2,563
Mortgage P&I
38%
$1,193
Property Taxes
7%
$228
Home Insurance
2%
$74
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345