This property could be a profitable Mid-Term investment with a projected 13.32% first-year return on $56,829 initial cash invested.
13.32%
Cash On Cash
11.51%
Cap Rate
1.72
DSCR
$2,814
Rent
$631
Cashflow
Cash Flow
$2,814 income − $2,183 expenses = $631 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,829
Downpayment
20%
$36,980
Closing costs
1%
$1,849
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,814
Total Expenses
$2,183
Mortgage P&I
37%
$1,029
Property Taxes
5%
$131
Home Insurance
2%
$65
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$84
Maintenance
4%
$113
Other
11%
$310