This property could be a profitable Mid-Term investment with a projected 34.05% first-year return on $42,990 initial cash invested.
34.05%
Cash On Cash
20.36%
Cap Rate
3.04
DSCR
$3,372
Rent
$1,220
Cashflow
Cash Flow
$3,372 income − $2,152 expenses = $1,220 cash flow
Investment Breakdown
|
Purchase Price
$119k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,990
Downpayment
20%
$23,800
Closing costs
1%
$1,190
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$3,372
Total Expenses
$2,152
Mortgage P&I
20%
$664
Property Taxes
9%
$299
Home Insurance
1%
$42
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371