This property could be a profitable Mid-Term investment with a projected 17.08% first-year return on $98,850 initial cash invested.
17.08%
Cash On Cash
11.76%
Cap Rate
1.79
DSCR
$6,402
Rent
$1,407
Cashflow
Cash Flow
$6,402 income − $4,995 expenses = $1,407 cash flow
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$6,402
Total Expenses
$4,995
Mortgage P&I
33%
$2,110
Property Taxes
9%
$574
Home Insurance
2%
$135
HOA
0%
$0
Property Management
12%
$768
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$704