This property could be a profitable Mid-Term investment with a projected 16.34% first-year return on $55,590 initial cash invested.
16.34%
Cash On Cash
12.23%
Cap Rate
1.96
DSCR
$3,446
Rent
$757
Cashflow
Cash Flow
$3,446 income − $2,689 expenses = $757 cash flow
Investment Breakdown
|
Purchase Price
$179k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,590
Downpayment
20%
$35,800
Closing costs
1%
$1,790
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$3,446
Total Expenses
$2,689
Mortgage P&I
27%
$929
Property Taxes
15%
$525
Home Insurance
2%
$63
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379