This property could be a profitable Mid-Term investment with a projected 11.39% first-year return on $65,094 initial cash invested.
11.39%
Cash On Cash
10.63%
Cap Rate
1.59
DSCR
$3,030
Rent
$618
Cashflow
Cash Flow
$3,030 income − $2,412 expenses = $618 cash flow
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,094
Downpayment
20%
$44,851
Closing costs
1%
$2,243
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,030
Total Expenses
$2,412
Mortgage P&I
41%
$1,247
Property Taxes
2%
$57
Home Insurance
3%
$78
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333