This property could be a profitable Mid-Term investment with a projected 29.24% first-year return on $43,179 initial cash invested.
29.24%
Cash On Cash
18.12%
Cap Rate
2.79
DSCR
$2,714
Rent
$1,052
Cashflow
Cash Flow
$2,714 income − $1,662 expenses = $1,052 cash flow
Investment Breakdown
|
Purchase Price
$120k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$43,179
Downpayment
20%
$23,980
Closing costs
1%
$1,199
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$2,714
Total Expenses
$1,662
Mortgage P&I
24%
$649
Property Taxes
2%
$47
Home Insurance
2%
$42
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299