This property could be a profitable Mid-Term investment with a projected 11.79% first-year return on $57,501 initial cash invested.
11.79%
Cash On Cash
10.69%
Cap Rate
1.66
DSCR
$2,610
Rent
$565
Cashflow
Cash Flow
$2,610 income − $2,045 expenses = $565 cash flow
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,501
Downpayment
20%
$37,620
Closing costs
1%
$1,881
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,610
Total Expenses
$2,045
Mortgage P&I
39%
$1,007
Property Taxes
3%
$86
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287