This property could be a profitable Mid-Term investment with a projected 10.24% first-year return on $63,255 initial cash invested.
10.24%
Cash On Cash
10.32%
Cap Rate
1.55
DSCR
$2,937
Rent
$540
Cashflow
Cash Flow
$2,937 income − $2,397 expenses = $540 cash flow
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,255
Downpayment
20%
$43,100
Closing costs
1%
$2,155
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,937
Total Expenses
$2,397
Mortgage P&I
41%
$1,197
Property Taxes
4%
$104
Home Insurance
3%
$99
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323