This property could be a profitable Mid-Term investment with a projected 12.13% first-year return on $143k initial cash invested.
12.13%
Cash On Cash
9.85%
Cap Rate
1.56
DSCR
$7,650
Rent
$1,445
Cashflow
Cash Flow
$7,650 income − $6,205 expenses = $1,445 cash flow
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,650
Total Expenses
$6,205
Mortgage P&I
41%
$3,134
Property Taxes
3%
$261
Home Insurance
3%
$208
HOA
0%
$0
Property Management
12%
$918
CapEx
4%
$306
Vacancy
3%
$230
Maintenance
4%
$306
Other
11%
$842