This property could be a profitable Mid-Term investment with a projected 10.13% first-year return on $76,779 initial cash invested.
10.13%
Cash On Cash
9.96%
Cap Rate
1.53
DSCR
$3,894
Rent
$648
Cashflow
Cash Flow
$3,894 income − $3,246 expenses = $648 cash flow
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,894
Total Expenses
$3,246
Mortgage P&I
39%
$1,519
Property Taxes
8%
$305
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428