This property could be a profitable Mid-Term investment with a projected 15.82% first-year return on $53,112 initial cash invested.
15.82%
Cash On Cash
12.14%
Cap Rate
1.93
DSCR
$2,931
Rent
$700
Cashflow
Cash Flow
$2,931 income − $2,231 expenses = $700 cash flow
Investment Breakdown
|
Purchase Price
$167k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,112
Downpayment
20%
$33,440
Closing costs
1%
$1,672
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,931
Total Expenses
$2,231
Mortgage P&I
30%
$875
Property Taxes
10%
$290
Home Insurance
2%
$70
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322