This property could be a profitable Mid-Term investment with a projected 55.85% first-year return on $24,300 initial cash invested.
55.85%
Cash On Cash
55.32%
Cap Rate
8.14
DSCR
$2,049
Rent
$1,131
Cashflow
Cash Flow
$2,049 income − $918 expenses = $1,131 cash flow
Investment Breakdown
|
Purchase Price
$30,000
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$24,300
Downpayment
20%
$6,000
Closing costs
1%
$300
Rehab
0%
$0
Furnishing
60%
$18,000
Cashflow
Total Income
$2,049
Total Expenses
$918
Mortgage P&I
8%
$170
Property Taxes
2%
$42
Home Insurance
0%
$10
HOA
0%
$0
Property Management
12%
$246
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$225