This property could be a profitable Mid-Term investment with a projected 13.34% first-year return on $69,450 initial cash invested.
13.34%
Cash On Cash
11.07%
Cap Rate
1.68
DSCR
$3,500
Rent
$772
Cashflow
Cash Flow
$3,500 income − $2,728 expenses = $772 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,500
Total Expenses
$2,728
Mortgage P&I
39%
$1,348
Property Taxes
3%
$104
Home Insurance
2%
$86
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385