This property could be a profitable Mid-Term investment with a projected 21.09% first-year return on $56,850 initial cash invested.
21.09%
Cash On Cash
14.04%
Cap Rate
2.11
DSCR
$3,502
Rent
$999
Cashflow
Cash Flow
$3,502 income − $2,503 expenses = $999 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$3,502
Total Expenses
$2,503
Mortgage P&I
29%
$1,026
Property Taxes
6%
$222
Home Insurance
2%
$65
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385