This property could be a profitable Mid-Term investment with a projected 12.21% first-year return on $69,576 initial cash invested.
12.21%
Cash On Cash
10.75%
Cap Rate
1.62
DSCR
$3,388
Rent
$708
Cashflow
Cash Flow
$3,388 income − $2,680 expenses = $708 cash flow
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,576
Downpayment
20%
$49,120
Closing costs
1%
$2,456
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,388
Total Expenses
$2,680
Mortgage P&I
40%
$1,357
Property Taxes
2%
$81
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373