This property could be a profitable Mid-Term investment with a projected 20.91% first-year return on $38,790 initial cash invested.
20.91%
Cash On Cash
15.6%
Cap Rate
2.45
DSCR
$2,122
Rent
$676
Cashflow
Cash Flow
$2,122 income − $1,446 expenses = $676 cash flow
Investment Breakdown
|
Purchase Price
$99,000
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,790
Downpayment
20%
$19,800
Closing costs
1%
$990
Rehab
0%
$0
Furnishing
18%
$18,000
Cashflow
Total Income
$2,122
Total Expenses
$1,446
Mortgage P&I
25%
$526
Property Taxes
8%
$163
Home Insurance
2%
$35
HOA
0%
$0
Property Management
12%
$255
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$233