This property could be a profitable Mid-Term investment with a projected 10.43% first-year return on $56,829 initial cash invested.
10.43%
Cash On Cash
10.52%
Cap Rate
1.59
DSCR
$2,632
Rent
$494
Cashflow
Cash Flow
$2,632 income − $2,138 expenses = $494 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,829
Downpayment
20%
$36,980
Closing costs
1%
$1,849
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,632
Total Expenses
$2,138
Mortgage P&I
39%
$1,022
Property Taxes
6%
$155
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290