This property could be a profitable Mid-Term investment with a projected 18.3% first-year return on $42,612 initial cash invested.
18.3%
Cash On Cash
14.3%
Cap Rate
2.14
DSCR
$2,319
Rent
$650
Cashflow
Cash Flow
$2,319 income − $1,669 expenses = $650 cash flow
Investment Breakdown
|
Purchase Price
$117k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,612
Downpayment
20%
$23,440
Closing costs
1%
$1,172
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$2,319
Total Expenses
$1,669
Mortgage P&I
28%
$654
Property Taxes
8%
$182
Home Insurance
2%
$44
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255