This property could be a profitable Mid-Term investment with a projected 18.25% first-year return on $42,150 initial cash invested.
18.25%
Cash On Cash
14.38%
Cap Rate
2.14
DSCR
$2,334
Rent
$641
Cashflow
Cash Flow
$2,334 income − $1,693 expenses = $641 cash flow
Investment Breakdown
|
Purchase Price
$115k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,150
Downpayment
20%
$23,000
Closing costs
1%
$1,150
Rehab
0%
$0
Furnishing
16%
$18,000
Cashflow
Total Income
$2,334
Total Expenses
$1,693
Mortgage P&I
28%
$644
Property Taxes
9%
$216
Home Insurance
2%
$40
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257