This property could be a profitable Mid-Term investment with a projected 10.51% first-year return on $56,850 initial cash invested.
10.51%
Cash On Cash
10.15%
Cap Rate
1.63
DSCR
$2,598
Rent
$498
Cashflow
Cash Flow
$2,598 income − $2,100 expenses = $498 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,598
Total Expenses
$2,100
Mortgage P&I
37%
$963
Property Taxes
7%
$188
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286