This property could be a profitable Mid-Term investment with a projected 12.09% first-year return on $91,500 initial cash invested.
12.09%
Cash On Cash
10.28%
Cap Rate
1.59
DSCR
$4,716
Rent
$922
Cashflow
Cash Flow
$4,716 income − $3,794 expenses = $922 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,716
Total Expenses
$3,794
Mortgage P&I
40%
$1,888
Property Taxes
4%
$180
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$141
Maintenance
4%
$189
Other
11%
$519