This property could be a profitable Mid-Term investment with a projected 18.72% first-year return on $44,040 initial cash invested.
18.72%
Cash On Cash
14.21%
Cap Rate
2.17
DSCR
$2,595
Rent
$687
Cashflow
Cash Flow
$2,595 income − $1,908 expenses = $687 cash flow
Investment Breakdown
|
Purchase Price
$124k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,040
Downpayment
20%
$24,800
Closing costs
1%
$1,240
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$2,595
Total Expenses
$1,908
Mortgage P&I
26%
$677
Property Taxes
12%
$306
Home Insurance
2%
$43
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285