This property could be a profitable Mid-Term investment with a projected 19.29% first-year return on $42,612 initial cash invested.
19.29%
Cash On Cash
14.69%
Cap Rate
2.21
DSCR
$2,562
Rent
$685
Cashflow
Cash Flow
$2,562 income − $1,877 expenses = $685 cash flow
Investment Breakdown
|
Purchase Price
$117k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,612
Downpayment
20%
$23,440
Closing costs
1%
$1,172
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$2,562
Total Expenses
$1,877
Mortgage P&I
25%
$648
Property Taxes
12%
$296
Home Insurance
2%
$63
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$282