This property could be a profitable Mid-Term investment with a projected 33.05% first-year return on $23,888 initial cash invested.
33.05%
Cash On Cash
38.82%
Cap Rate
5.81
DSCR
$2,328
Rent
$658
Cashflow
Cash Flow
$2,328 income − $1,670 expenses = $658 cash flow
Investment Breakdown
|
Purchase Price
$28,040
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$23,888
Downpayment
20%
$5,608
Closing costs
1%
$280
Rehab
0%
$0
Furnishing
64%
$18,000
Cashflow
Total Income
$2,328
Total Expenses
$1,670
Mortgage P&I
7%
$156
Property Taxes
31%
$713
Home Insurance
0%
$10
HOA
0%
$0
Property Management
12%
$279
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256