This property could be a profitable Mid-Term investment with a projected 21.8% first-year return on $50,970 initial cash invested.
21.8%
Cash On Cash
14.25%
Cap Rate
2.26
DSCR
$2,835
Rent
$926
Cashflow
Cash Flow
$2,835 income − $1,909 expenses = $926 cash flow
Investment Breakdown
|
Purchase Price
$157k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,970
Downpayment
20%
$31,400
Closing costs
1%
$1,570
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,835
Total Expenses
$1,909
Mortgage P&I
29%
$825
Property Taxes
2%
$44
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312