This property could be a profitable Mid-Term investment with a projected 24.17% first-year return on $87,426 initial cash invested.
24.17%
Cash On Cash
13.82%
Cap Rate
2.12
DSCR
$6,156
Rent
$1,761
Cashflow
Cash Flow
$6,156 income − $4,395 expenses = $1,761 cash flow
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,426
Downpayment
20%
$66,120
Closing costs
1%
$3,306
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$6,156
Total Expenses
$4,395
Mortgage P&I
29%
$1,800
Property Taxes
6%
$384
Home Insurance
2%
$118
HOA
0%
$0
Property Management
12%
$739
CapEx
4%
$246
Vacancy
3%
$185
Maintenance
4%
$246
Other
11%
$677