This property could be a profitable Mid-Term investment with a projected 12.62% first-year return on $56,388 initial cash invested.
12.62%
Cash On Cash
10.88%
Cap Rate
1.73
DSCR
$2,598
Rent
$593
Cashflow
Cash Flow
$2,598 income − $2,005 expenses = $593 cash flow
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,388
Downpayment
20%
$36,560
Closing costs
1%
$1,828
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,598
Total Expenses
$2,005
Mortgage P&I
37%
$961
Property Taxes
3%
$90
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286