This property could be a profitable Mid-Term investment with a projected 18.93% first-year return on $51,600 initial cash invested.
18.93%
Cash On Cash
13.7%
Cap Rate
2.05
DSCR
$3,072
Rent
$814
Cashflow
Cash Flow
$3,072 income − $2,258 expenses = $814 cash flow
Investment Breakdown
|
Purchase Price
$160k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,600
Downpayment
20%
$32,000
Closing costs
1%
$1,600
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$3,072
Total Expenses
$2,258
Mortgage P&I
29%
$890
Property Taxes
9%
$267
Home Insurance
2%
$56
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338