This property could be a profitable Mid-Term investment with a projected 10.18% first-year return on $97,674 initial cash invested.
10.18%
Cash On Cash
9.69%
Cap Rate
1.5
DSCR
$4,971
Rent
$829
Cashflow
Cash Flow
$4,971 income − $4,142 expenses = $829 cash flow
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,674
Downpayment
20%
$75,880
Closing costs
1%
$3,794
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,971
Total Expenses
$4,142
Mortgage P&I
41%
$2,036
Property Taxes
6%
$279
Home Insurance
3%
$136
HOA
0%
$0
Property Management
12%
$597
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$547