This property could be a profitable Mid-Term investment with a projected 11.59% first-year return on $69,492 initial cash invested.
11.59%
Cash On Cash
10.35%
Cap Rate
1.62
DSCR
$3,512
Rent
$671
Cashflow
Cash Flow
$3,512 income − $2,841 expenses = $671 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,492
Downpayment
20%
$49,040
Closing costs
1%
$2,452
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,512
Total Expenses
$2,841
Mortgage P&I
37%
$1,304
Property Taxes
7%
$263
Home Insurance
2%
$82
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386