This property could be a profitable Mid-Term investment with a projected 12.15% first-year return on $56,808 initial cash invested.
12.15%
Cash On Cash
11.11%
Cap Rate
1.66
DSCR
$2,642
Rent
$575
Cashflow
Cash Flow
$2,642 income − $2,067 expenses = $575 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,808
Downpayment
20%
$36,960
Closing costs
1%
$1,848
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,642
Total Expenses
$2,067
Mortgage P&I
39%
$1,030
Property Taxes
1%
$16
Home Insurance
3%
$66
HOA
2%
$56
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291