This property could be a profitable Mid-Term investment with a projected 16.75% first-year return on $102k initial cash invested.
16.75%
Cash On Cash
11.23%
Cap Rate
1.82
DSCR
$6,416
Rent
$1,421
Cashflow
Cash Flow
$6,416 income − $4,995 expenses = $1,421 cash flow
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$6,416
Total Expenses
$4,995
Mortgage P&I
32%
$2,055
Property Taxes
10%
$618
Home Insurance
2%
$140
HOA
0%
$0
Property Management
12%
$770
CapEx
4%
$257
Vacancy
3%
$192
Maintenance
4%
$257
Other
11%
$706