This property could be a profitable Mid-Term investment with a projected 21.71% first-year return on $43,011 initial cash invested.
21.71%
Cash On Cash
15.5%
Cap Rate
2.34
DSCR
$2,610
Rent
$778
Cashflow
Cash Flow
$2,610 income − $1,832 expenses = $778 cash flow
Investment Breakdown
|
Purchase Price
$119k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$43,011
Downpayment
20%
$23,820
Closing costs
1%
$1,191
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$2,610
Total Expenses
$1,832
Mortgage P&I
25%
$656
Property Taxes
10%
$269
Home Insurance
1%
$21
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287