This property could be a profitable Mid-Term investment with a projected 14.61% first-year return on $56,850 initial cash invested.
14.61%
Cash On Cash
11.87%
Cap Rate
1.8
DSCR
$2,970
Rent
$692
Cashflow
Cash Flow
$2,970 income − $2,278 expenses = $692 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,970
Total Expenses
$2,278
Mortgage P&I
34%
$1,019
Property Taxes
6%
$184
Home Insurance
2%
$65
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327