This property could be a profitable Mid-Term investment with a projected 14.05% first-year return on $52,440 initial cash invested.
14.05%
Cash On Cash
11.58%
Cap Rate
1.84
DSCR
$2,696
Rent
$614
Cashflow
Cash Flow
$2,696 income − $2,082 expenses = $614 cash flow
Investment Breakdown
|
Purchase Price
$164k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,440
Downpayment
20%
$32,800
Closing costs
1%
$1,640
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,696
Total Expenses
$2,082
Mortgage P&I
32%
$861
Property Taxes
9%
$245
Home Insurance
2%
$58
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297