This property could be a profitable Mid-Term investment with a projected 10.44% first-year return on $51,600 initial cash invested.
10.44%
Cash On Cash
10.23%
Cap Rate
1.64
DSCR
$2,118
Rent
$449
Cashflow
Cash Flow
$2,118 income − $1,669 expenses = $449 cash flow
Investment Breakdown
|
Purchase Price
$160k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,600
Downpayment
20%
$32,000
Closing costs
1%
$1,600
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,118
Total Expenses
$1,669
Mortgage P&I
39%
$830
Property Taxes
3%
$62
Home Insurance
3%
$56
HOA
0%
$0
Property Management
12%
$254
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$233