This property could be a profitable Mid-Term investment with a projected 13.19% first-year return on $69,240 initial cash invested.
13.19%
Cash On Cash
11.11%
Cap Rate
1.67
DSCR
$3,549
Rent
$761
Cashflow
Cash Flow
$3,549 income − $2,788 expenses = $761 cash flow
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,240
Downpayment
20%
$48,800
Closing costs
1%
$2,440
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,549
Total Expenses
$2,788
Mortgage P&I
38%
$1,357
Property Taxes
4%
$140
Home Insurance
2%
$85
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390