This property could be a profitable Mid-Term investment with a projected 11.24% first-year return on $60,840 initial cash invested.
11.24%
Cash On Cash
10.58%
Cap Rate
1.61
DSCR
$2,842
Rent
$570
Cashflow
Cash Flow
$2,842 income − $2,272 expenses = $570 cash flow
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,840
Downpayment
20%
$40,800
Closing costs
1%
$2,040
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,842
Total Expenses
$2,272
Mortgage P&I
39%
$1,114
Property Taxes
4%
$121
Home Insurance
2%
$70
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313