This property could be a profitable Mid-Term investment with a projected 22.26% first-year return on $47,379 initial cash invested.
22.26%
Cash On Cash
15.19%
Cap Rate
2.29
DSCR
$2,958
Rent
$879
Cashflow
Cash Flow
$2,958 income − $2,079 expenses = $879 cash flow
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,379
Downpayment
20%
$27,980
Closing costs
1%
$1,399
Rehab
0%
$0
Furnishing
13%
$18,000
Cashflow
Total Income
$2,958
Total Expenses
$2,079
Mortgage P&I
26%
$774
Property Taxes
8%
$251
Home Insurance
2%
$49
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325