This property could be a profitable Mid-Term investment with a projected 10.39% first-year return on $123k initial cash invested.
10.39%
Cash On Cash
9.6%
Cap Rate
1.5
DSCR
$6,645
Rent
$1,065
Cashflow
Cash Flow
$6,645 income − $5,580 expenses = $1,065 cash flow
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,001
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,645
Total Expenses
$5,580
Mortgage P&I
40%
$2,670
Property Taxes
3%
$176
Home Insurance
3%
$192
HOA
4%
$283
Property Management
12%
$797
CapEx
4%
$266
Vacancy
3%
$199
Maintenance
4%
$266
Other
11%
$731