This property could be a profitable Mid-Term investment with a projected 10.24% first-year return on $56,829 initial cash invested.
10.24%
Cash On Cash
10.35%
Cap Rate
1.59
DSCR
$2,696
Rent
$485
Cashflow
Cash Flow
$2,696 income − $2,211 expenses = $485 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,829
Downpayment
20%
$36,980
Closing costs
1%
$1,849
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,696
Total Expenses
$2,211
Mortgage P&I
37%
$1,002
Property Taxes
8%
$226
Home Insurance
2%
$65
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297