This property could be a profitable Mid-Term investment with a projected 40.44% first-year return on $30,180 initial cash invested.
40.44%
Cash On Cash
29.09%
Cap Rate
4.61
DSCR
$2,098
Rent
$1,017
Cashflow
Cash Flow
$2,098 income − $1,081 expenses = $1,017 cash flow
Investment Breakdown
|
Purchase Price
$58,000
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$30,180
Downpayment
20%
$11,600
Closing costs
1%
$580
Rehab
0%
$0
Furnishing
31%
$18,000
Cashflow
Total Income
$2,098
Total Expenses
$1,081
Mortgage P&I
15%
$305
Property Taxes
2%
$42
Home Insurance
1%
$20
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231