This property could be a profitable Mid-Term investment with a projected 16.33% first-year return on $51,600 initial cash invested.
16.33%
Cash On Cash
12.68%
Cap Rate
1.91
DSCR
$2,625
Rent
$702
Cashflow
Cash Flow
$2,625 income − $1,923 expenses = $702 cash flow
Investment Breakdown
|
Purchase Price
$160k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,600
Downpayment
20%
$32,000
Closing costs
1%
$1,600
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,625
Total Expenses
$1,923
Mortgage P&I
34%
$884
Property Taxes
3%
$86
Home Insurance
2%
$60
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289