This property could be a profitable Mid-Term investment with a projected 10.45% first-year return on $83,100 initial cash invested.
10.45%
Cash On Cash
9.57%
Cap Rate
1.56
DSCR
$4,018
Rent
$724
Cashflow
Cash Flow
$4,018 income − $3,294 expenses = $724 cash flow
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$4,018
Total Expenses
$3,294
Mortgage P&I
40%
$1,588
Property Taxes
6%
$231
Home Insurance
3%
$108
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442