This property could be a profitable Mid-Term investment with a projected 31.09% first-year return on $30,180 initial cash invested.
31.09%
Cash On Cash
23.96%
Cap Rate
3.78
DSCR
$1,762
Rent
$782
Cashflow
Cash Flow
$1,762 income − $980 expenses = $782 cash flow
Investment Breakdown
|
Purchase Price
$58,000
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$30,180
Downpayment
20%
$11,600
Closing costs
1%
$580
Rehab
0%
$0
Furnishing
31%
$18,000
Cashflow
Total Income
$1,762
Total Expenses
$980
Mortgage P&I
17%
$306
Property Taxes
3%
$56
Home Insurance
1%
$20
HOA
0%
$0
Property Management
12%
$211
CapEx
4%
$70
Vacancy
3%
$53
Maintenance
4%
$70
Other
11%
$194