This property could be a profitable Mid-Term investment with a projected 15.87% first-year return on $56,325 initial cash invested.
15.87%
Cash On Cash
12.25%
Cap Rate
1.87
DSCR
$2,998
Rent
$745
Cashflow
Cash Flow
$2,998 income − $2,253 expenses = $745 cash flow
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,325
Downpayment
20%
$36,500
Closing costs
1%
$1,825
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,998
Total Expenses
$2,253
Mortgage P&I
33%
$998
Property Taxes
6%
$170
Home Insurance
2%
$65
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330