This property could be a profitable Mid-Term investment with a projected 10.6% first-year return on $112k initial cash invested.
10.6%
Cash On Cash
10.05%
Cap Rate
1.5
DSCR
$6,669
Rent
$994
Cashflow
Cash Flow
$6,669 income − $5,675 expenses = $994 cash flow
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,669
Total Expenses
$5,675
Mortgage P&I
38%
$2,508
Property Taxes
11%
$741
Home Insurance
2%
$158
HOA
0%
$0
Property Management
12%
$800
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$734