This property could be a profitable Mid-Term investment with a projected 10.16% first-year return on $76,779 initial cash invested.
10.16%
Cash On Cash
10.24%
Cap Rate
1.53
DSCR
$4,464
Rent
$650
Cashflow
Cash Flow
$4,464 income − $3,814 expenses = $650 cash flow
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,779
Downpayment
20%
$55,980
Closing costs
1%
$2,799
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,464
Total Expenses
$3,814
Mortgage P&I
35%
$1,560
Property Taxes
14%
$637
Home Insurance
2%
$98
HOA
0%
$0
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$491