This property could be a profitable Mid-Term investment with a projected 12.96% first-year return on $69,450 initial cash invested.
12.96%
Cash On Cash
10.56%
Cap Rate
1.7
DSCR
$3,390
Rent
$750
Cashflow
Cash Flow
$3,390 income − $2,640 expenses = $750 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,390
Total Expenses
$2,640
Mortgage P&I
37%
$1,269
Property Taxes
4%
$131
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373