This property could be a profitable Mid-Term investment with a projected 12.47% first-year return on $63,528 initial cash invested.
12.47%
Cash On Cash
10.46%
Cap Rate
1.7
DSCR
$2,896
Rent
$660
Cashflow
Cash Flow
$2,896 income − $2,236 expenses = $660 cash flow
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,528
Downpayment
20%
$43,360
Closing costs
1%
$2,168
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,896
Total Expenses
$2,236
Mortgage P&I
38%
$1,113
Property Taxes
2%
$46
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319