This property could be a profitable Mid-Term investment with a projected 20.15% first-year return on $47,400 initial cash invested.
20.15%
Cash On Cash
14.43%
Cap Rate
2.14
DSCR
$2,493
Rent
$796
Cashflow
Cash Flow
$2,493 income − $1,697 expenses = $796 cash flow
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,400
Downpayment
20%
$28,000
Closing costs
1%
$1,400
Rehab
0%
$0
Furnishing
13%
$18,000
Cashflow
Total Income
$2,493
Total Expenses
$1,697
Mortgage P&I
32%
$787
Property Taxes
1%
$13
Home Insurance
2%
$49
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274