This property could be a profitable Mid-Term investment with a projected 22.24% first-year return on $36,900 initial cash invested.
22.24%
Cash On Cash
16.97%
Cap Rate
2.53
DSCR
$2,157
Rent
$684
Cashflow
Cash Flow
$2,157 income − $1,473 expenses = $684 cash flow
Investment Breakdown
|
Purchase Price
$90,000
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,900
Downpayment
20%
$18,000
Closing costs
1%
$900
Rehab
0%
$0
Furnishing
20%
$18,000
Cashflow
Total Income
$2,157
Total Expenses
$1,473
Mortgage P&I
23%
$503
Property Taxes
10%
$205
Home Insurance
1%
$32
HOA
0%
$0
Property Management
12%
$259
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$237