This property could be a profitable Mid-Term investment with a projected 10.47% first-year return on $56,734 initial cash invested.
10.47%
Cash On Cash
10.53%
Cap Rate
1.59
DSCR
$2,606
Rent
$495
Cashflow
Cash Flow
$2,606 income − $2,111 expenses = $495 cash flow
Investment Breakdown
|
Purchase Price
$184k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,734
Downpayment
20%
$36,890
Closing costs
1%
$1,844
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,606
Total Expenses
$2,111
Mortgage P&I
39%
$1,019
Property Taxes
5%
$141
Home Insurance
2%
$65
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287