This property could be a profitable Mid-Term investment with a projected 60.8% first-year return on $23,229 initial cash invested.
60.8%
Cash On Cash
67.71%
Cap Rate
10.04
DSCR
$2,212
Rent
$1,177
Cashflow
Cash Flow
$2,212 income − $1,035 expenses = $1,177 cash flow
Investment Breakdown
|
Purchase Price
$24,900
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$23,229
Downpayment
20%
$4,980
Closing costs
1%
$249
Rehab
0%
$0
Furnishing
72%
$18,000
Cashflow
Total Income
$2,212
Total Expenses
$1,035
Mortgage P&I
6%
$140
Property Taxes
6%
$136
Home Insurance
0%
$9
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243