This property could be a profitable Mid-Term investment with a projected 11.33% first-year return on $72,579 initial cash invested.
11.33%
Cash On Cash
10%
Cap Rate
1.64
DSCR
$3,936
Rent
$685
Cashflow
Cash Flow
$3,936 income − $3,251 expenses = $685 cash flow
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,936
Total Expenses
$3,251
Mortgage P&I
34%
$1,323
Property Taxes
13%
$500
Home Insurance
2%
$91
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433