This property could be a profitable Mid-Term investment with a projected 26.44% first-year return on $42,843 initial cash invested.
26.44%
Cash On Cash
16.92%
Cap Rate
2.68
DSCR
$2,550
Rent
$944
Cashflow
Cash Flow
$2,550 income − $1,606 expenses = $944 cash flow
Investment Breakdown
|
Purchase Price
$118k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,843
Downpayment
20%
$23,660
Closing costs
1%
$1,183
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$2,550
Total Expenses
$1,606
Mortgage P&I
24%
$622
Property Taxes
3%
$76
Home Insurance
2%
$42
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280