This property could be a profitable Mid-Term investment with a projected 10.41% first-year return on $72,600 initial cash invested.
10.41%
Cash On Cash
10.05%
Cap Rate
1.54
DSCR
$3,454
Rent
$630
Cashflow
Cash Flow
$3,454 income − $2,824 expenses = $630 cash flow
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,454
Total Expenses
$2,824
Mortgage P&I
41%
$1,410
Property Taxes
4%
$149
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380