This property could be a profitable Mid-Term investment with a projected 14.14% first-year return on $59,475 initial cash invested.
14.14%
Cash On Cash
11.71%
Cap Rate
1.74
DSCR
$3,002
Rent
$701
Cashflow
Cash Flow
$3,002 income − $2,301 expenses = $701 cash flow
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,475
Downpayment
20%
$39,500
Closing costs
1%
$1,975
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,002
Total Expenses
$2,301
Mortgage P&I
37%
$1,106
Property Taxes
3%
$100
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330