This property could be a profitable Mid-Term investment with a projected 60.63% first-year return on $31,650 initial cash invested.
60.63%
Cash On Cash
38.29%
Cap Rate
5.88
DSCR
$3,046
Rent
$1,599
Cashflow
Cash Flow
$3,046 income − $1,447 expenses = $1,599 cash flow
Investment Breakdown
|
Purchase Price
$64,999
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,650
Downpayment
20%
$13,000
Closing costs
1%
$650
Rehab
0%
$0
Furnishing
28%
$18,000
Cashflow
Total Income
$3,046
Total Expenses
$1,447
Mortgage P&I
12%
$353
Property Taxes
1%
$35
Home Insurance
1%
$23
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335