This property could be a profitable Mid-Term investment with a projected 15.86% first-year return on $66,300 initial cash invested.
15.86%
Cash On Cash
12.06%
Cap Rate
1.79
DSCR
$3,640
Rent
$876
Cashflow
Cash Flow
$3,640 income − $2,764 expenses = $876 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,640
Total Expenses
$2,764
Mortgage P&I
35%
$1,290
Property Taxes
4%
$156
Home Insurance
2%
$80
HOA
0%
$0
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$400