This property could be a profitable Mid-Term investment with a projected 15.63% first-year return on $42,906 initial cash invested.
15.63%
Cash On Cash
12.8%
Cap Rate
2.02
DSCR
$2,008
Rent
$559
Cashflow
Cash Flow
$2,008 income − $1,449 expenses = $559 cash flow
Investment Breakdown
|
Purchase Price
$119k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,906
Downpayment
20%
$23,720
Closing costs
1%
$1,186
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$2,008
Total Expenses
$1,449
Mortgage P&I
31%
$626
Property Taxes
2%
$43
Home Insurance
5%
$98
HOA
0%
$0
Property Management
12%
$241
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$221