This property could be a profitable Mid-Term investment with a projected 15.14% first-year return on $66,090 initial cash invested.
15.14%
Cash On Cash
11.77%
Cap Rate
1.77
DSCR
$3,636
Rent
$834
Cashflow
Cash Flow
$3,636 income − $2,802 expenses = $834 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,636
Total Expenses
$2,802
Mortgage P&I
35%
$1,267
Property Taxes
6%
$212
Home Insurance
2%
$88
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400