This property could be a profitable Mid-Term investment with a projected 10.7% first-year return on $89,820 initial cash invested.
10.7%
Cash On Cash
10%
Cap Rate
1.53
DSCR
$4,683
Rent
$801
Cashflow
Cash Flow
$4,683 income − $3,882 expenses = $801 cash flow
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,820
Downpayment
20%
$68,400
Closing costs
1%
$3,420
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,683
Total Expenses
$3,882
Mortgage P&I
40%
$1,861
Property Taxes
7%
$310
Home Insurance
3%
$120
HOA
0%
$0
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515