This property could be a profitable Mid-Term investment with a projected 22.19% first-year return on $36,879 initial cash invested.
22.19%
Cash On Cash
16.78%
Cap Rate
2.54
DSCR
$2,004
Rent
$682
Cashflow
Cash Flow
$2,004 income − $1,322 expenses = $682 cash flow
Investment Breakdown
|
Purchase Price
$89,900
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,879
Downpayment
20%
$17,980
Closing costs
1%
$899
Rehab
0%
$0
Furnishing
20%
$18,000
Cashflow
Total Income
$2,004
Total Expenses
$1,322
Mortgage P&I
25%
$495
Property Taxes
5%
$96
Home Insurance
2%
$32
HOA
1%
$19
Property Management
12%
$240
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$220