This property could be a profitable Mid-Term investment with a projected 12.25% first-year return on $102k initial cash invested.
12.25%
Cash On Cash
10.53%
Cap Rate
1.58
DSCR
$6,242
Rent
$1,039
Cashflow
Cash Flow
$6,242 income − $5,203 expenses = $1,039 cash flow
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$6,242
Total Expenses
$5,203
Mortgage P&I
35%
$2,213
Property Taxes
12%
$727
Home Insurance
2%
$140
HOA
0%
$0
Property Management
12%
$749
CapEx
4%
$250
Vacancy
3%
$187
Maintenance
4%
$250
Other
11%
$687