This property could be a profitable Mid-Term investment with a projected 11.4% first-year return on $56,934 initial cash invested.
11.4%
Cash On Cash
10.53%
Cap Rate
1.65
DSCR
$2,451
Rent
$541
Cashflow
Cash Flow
$2,451 income − $1,910 expenses = $541 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,934
Downpayment
20%
$37,080
Closing costs
1%
$1,854
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,451
Total Expenses
$1,910
Mortgage P&I
40%
$988
Property Taxes
1%
$22
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270