This property could be a profitable Mid-Term investment with a projected 21.99% first-year return on $49,500 initial cash invested.
21.99%
Cash On Cash
14.62%
Cap Rate
2.28
DSCR
$3,004
Rent
$907
Cashflow
Cash Flow
$3,004 income − $2,097 expenses = $907 cash flow
Investment Breakdown
|
Purchase Price
$150k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,500
Downpayment
20%
$30,000
Closing costs
1%
$1,500
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$3,004
Total Expenses
$2,097
Mortgage P&I
27%
$800
Property Taxes
7%
$225
Home Insurance
2%
$52
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330