This property could be a profitable Mid-Term investment with a projected 24.19% first-year return on $103k initial cash invested.
24.19%
Cash On Cash
13.21%
Cap Rate
2.12
DSCR
$6,840
Rent
$2,076
Cashflow
Cash Flow
$6,840 income − $4,764 expenses = $2,076 cash flow
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,950
Closing costs
1%
$4,048
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,840
Total Expenses
$4,764
Mortgage P&I
31%
$2,107
Property Taxes
3%
$189
Home Insurance
2%
$142
HOA
0%
$0
Property Management
12%
$821
CapEx
4%
$274
Vacancy
3%
$205
Maintenance
4%
$274
Other
11%
$752