This property could be a profitable Mid-Term investment with a projected 11.6% first-year return on $67,875 initial cash invested.
11.6%
Cash On Cash
10.61%
Cap Rate
1.62
DSCR
$3,726
Rent
$656
Cashflow
Cash Flow
$3,726 income − $3,070 expenses = $656 cash flow
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,875
Downpayment
20%
$47,500
Closing costs
1%
$2,375
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,726
Total Expenses
$3,070
Mortgage P&I
35%
$1,294
Property Taxes
11%
$426
Home Insurance
2%
$83
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410