This property could be a profitable Mid-Term investment with a projected 30.72% first-year return on $31,020 initial cash invested.
30.72%
Cash On Cash
23.38%
Cap Rate
3.58
DSCR
$1,916
Rent
$794
Cashflow
Cash Flow
$1,916 income − $1,122 expenses = $794 cash flow
Investment Breakdown
|
Purchase Price
$62,000
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,020
Downpayment
20%
$12,400
Closing costs
1%
$620
Rehab
0%
$0
Furnishing
29%
$18,000
Cashflow
Total Income
$1,916
Total Expenses
$1,122
Mortgage P&I
18%
$337
Property Taxes
3%
$51
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$230
CapEx
4%
$77
Vacancy
3%
$57
Maintenance
4%
$77
Other
11%
$211