This property could be a profitable Mid-Term investment with a projected 12.86% first-year return on $66,741 initial cash invested.
12.86%
Cash On Cash
11.02%
Cap Rate
1.66
DSCR
$3,350
Rent
$715
Cashflow
Cash Flow
$3,350 income − $2,635 expenses = $715 cash flow
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,741
Downpayment
20%
$46,420
Closing costs
1%
$2,321
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,350
Total Expenses
$2,635
Mortgage P&I
38%
$1,282
Property Taxes
4%
$131
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368