This property could be a profitable Mid-Term investment with a projected 10.74% first-year return on $63,150 initial cash invested.
10.74%
Cash On Cash
10.64%
Cap Rate
1.6
DSCR
$3,765
Rent
$565
Cashflow
Cash Flow
$3,765 income − $3,200 expenses = $565 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,765
Total Expenses
$3,200
Mortgage P&I
32%
$1,191
Property Taxes
17%
$653
Home Insurance
2%
$75
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414