This property could be a profitable Mid-Term investment with a projected 11.59% first-year return on $66,153 initial cash invested.
11.59%
Cash On Cash
10.7%
Cap Rate
1.61
DSCR
$3,345
Rent
$639
Cashflow
Cash Flow
$3,345 income − $2,706 expenses = $639 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,153
Downpayment
20%
$45,860
Closing costs
1%
$2,293
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,345
Total Expenses
$2,706
Mortgage P&I
38%
$1,271
Property Taxes
6%
$216
Home Insurance
2%
$82
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368