This property could be a profitable Mid-Term investment with a projected 12.12% first-year return on $68,820 initial cash invested.
12.12%
Cash On Cash
10.72%
Cap Rate
1.62
DSCR
$3,334
Rent
$695
Cashflow
Cash Flow
$3,334 income − $2,639 expenses = $695 cash flow
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,820
Downpayment
20%
$48,400
Closing costs
1%
$2,420
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,334
Total Expenses
$2,639
Mortgage P&I
40%
$1,334
Property Taxes
3%
$87
Home Insurance
3%
$85
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367