This property might be a fair Mid-Term investment with a projected 2.9% first-year return on $55,779 initial cash invested.
2.9%
Cash On Cash
8.03%
Cap Rate
1.21
DSCR
$1,950
Rent
$135
Cashflow
Cash Flow
$1,950 income − $1,815 expenses = $135 cash flow
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,779
Downpayment
20%
$35,980
Closing costs
1%
$1,799
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,950
Total Expenses
$1,815
Mortgage P&I
51%
$991
Property Taxes
5%
$99
Home Insurance
3%
$63
HOA
0%
$0
Property Management
12%
$234
CapEx
4%
$78
Vacancy
3%
$58
Maintenance
4%
$78
Other
11%
$214