This property might be a fair Mid-Term investment with a projected 6.02% first-year return on $44,040 initial cash invested.
6.02%
Cash On Cash
9.44%
Cap Rate
1.41
DSCR
$1,575
Rent
$221
Cashflow
Cash Flow
$1,575 income − $1,354 expenses = $221 cash flow
Investment Breakdown
|
Purchase Price
$124k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,040
Downpayment
20%
$24,800
Closing costs
1%
$1,240
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$1,575
Total Expenses
$1,354
Mortgage P&I
44%
$691
Property Taxes
5%
$85
Home Insurance
3%
$43
HOA
0%
$0
Property Management
12%
$189
CapEx
4%
$63
Vacancy
3%
$47
Maintenance
4%
$63
Other
11%
$173