This property could be a profitable Mid-Term investment with a projected 15.28% first-year return on $65,985 initial cash invested.
15.28%
Cash On Cash
11.31%
Cap Rate
1.82
DSCR
$3,320
Rent
$840
Cashflow
Cash Flow
$3,320 income − $2,480 expenses = $840 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,985
Downpayment
20%
$45,700
Closing costs
1%
$2,285
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,320
Total Expenses
$2,480
Mortgage P&I
36%
$1,180
Property Taxes
2%
$80
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365