This property could be a profitable Mid-Term investment with a projected 57.3% first-year return on $29,760 initial cash invested.
57.3%
Cash On Cash
39.43%
Cap Rate
5.94
DSCR
$2,715
Rent
$1,421
Cashflow
Cash Flow
$2,715 income − $1,294 expenses = $1,421 cash flow
Investment Breakdown
|
Purchase Price
$56,000
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$29,760
Downpayment
20%
$11,200
Closing costs
1%
$560
Rehab
0%
$0
Furnishing
32%
$18,000
Cashflow
Total Income
$2,715
Total Expenses
$1,294
Mortgage P&I
11%
$310
Property Taxes
1%
$40
Home Insurance
1%
$20
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299