This property could be a profitable Mid-Term investment with a projected 10.26% first-year return on $91,500 initial cash invested.
10.26%
Cash On Cash
9.82%
Cap Rate
1.55
DSCR
$5,727
Rent
$782
Cashflow
Cash Flow
$5,727 income − $4,945 expenses = $782 cash flow
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$5,727
Total Expenses
$4,945
Mortgage P&I
32%
$1,854
Property Taxes
18%
$1,022
Home Insurance
2%
$122
HOA
0%
$0
Property Management
12%
$687
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$630