This property could be a profitable Mid-Term investment with a projected 19.03% first-year return on $58,446 initial cash invested.
19.03%
Cash On Cash
12.95%
Cap Rate
2.05
DSCR
$3,406
Rent
$927
Cashflow
Cash Flow
$3,406 income − $2,479 expenses = $927 cash flow
Investment Breakdown
|
Purchase Price
$193k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,446
Downpayment
20%
$38,520
Closing costs
1%
$1,926
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,406
Total Expenses
$2,479
Mortgage P&I
30%
$1,015
Property Taxes
8%
$282
Home Insurance
1%
$24
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375