This property could be a profitable Mid-Term investment with a projected 10.81% first-year return on $97,800 initial cash invested.
10.81%
Cash On Cash
9.68%
Cap Rate
1.54
DSCR
$4,998
Rent
$881
Cashflow
Cash Flow
$4,998 income − $4,117 expenses = $881 cash flow
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,800
Downpayment
20%
$76,000
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,998
Total Expenses
$4,117
Mortgage P&I
40%
$1,984
Property Taxes
6%
$300
Home Insurance
3%
$133
HOA
0%
$0
Property Management
12%
$600
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$550