This property could be a profitable Mid-Term investment with a projected 30.71% first-year return on $113k initial cash invested.
30.71%
Cash On Cash
15.24%
Cap Rate
2.31
DSCR
$9,066
Rent
$2,896
Cashflow
Cash Flow
$9,066 income − $6,170 expenses = $2,896 cash flow
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,640
Closing costs
1%
$4,532
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$9,066
Total Expenses
$6,170
Mortgage P&I
28%
$2,496
Property Taxes
5%
$411
Home Insurance
2%
$164
HOA
0%
$16
Property Management
12%
$1,088
CapEx
4%
$363
Vacancy
3%
$272
Maintenance
4%
$363
Other
11%
$997