This property could be a profitable Mid-Term investment with a projected 11.4% first-year return on $90,639 initial cash invested.
11.4%
Cash On Cash
10.43%
Cap Rate
1.54
DSCR
$4,923
Rent
$861
Cashflow
Cash Flow
$4,923 income − $4,062 expenses = $861 cash flow
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,639
Downpayment
20%
$69,180
Closing costs
1%
$3,459
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,923
Total Expenses
$4,062
Mortgage P&I
40%
$1,948
Property Taxes
6%
$318
Home Insurance
2%
$121
HOA
0%
$0
Property Management
12%
$591
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$542