This property could be a profitable Mid-Term investment with a projected 36.53% first-year return on $23,880 initial cash invested.
36.53%
Cash On Cash
40.16%
Cap Rate
6.08
DSCR
$1,390
Rent
$727
Cashflow
Cash Flow
$1,390 income − $663 expenses = $727 cash flow
Investment Breakdown
|
Purchase Price
$28,000
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$23,880
Downpayment
20%
$5,600
Closing costs
1%
$280
Rehab
0%
$0
Furnishing
64%
$18,000
Cashflow
Total Income
$1,390
Total Expenses
$663
Mortgage P&I
11%
$154
Property Taxes
2%
$25
Home Insurance
1%
$10
HOA
0%
$0
Property Management
12%
$167
CapEx
4%
$56
Vacancy
3%
$42
Maintenance
4%
$56
Other
11%
$153