This property could be a profitable Mid-Term investment with a projected 22.77% first-year return on $56,241 initial cash invested.
22.77%
Cash On Cash
14.02%
Cap Rate
2.3
DSCR
$3,406
Rent
$1,067
Cashflow
Cash Flow
$3,406 income − $2,339 expenses = $1,067 cash flow
Investment Breakdown
|
Purchase Price
$182k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,241
Downpayment
20%
$36,420
Closing costs
1%
$1,821
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$3,406
Total Expenses
$2,339
Mortgage P&I
27%
$925
Property Taxes
6%
$193
Home Insurance
2%
$63
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375