This property could be a profitable Mid-Term investment with a projected 18.24% first-year return on $43,095 initial cash invested.
18.24%
Cash On Cash
14.02%
Cap Rate
2.13
DSCR
$2,176
Rent
$655
Cashflow
Cash Flow
$2,176 income − $1,521 expenses = $655 cash flow
Investment Breakdown
|
Purchase Price
$120k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$43,095
Downpayment
20%
$23,900
Closing costs
1%
$1,195
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$2,176
Total Expenses
$1,521
Mortgage P&I
30%
$654
Property Taxes
4%
$86
Home Insurance
2%
$42
HOA
0%
$0
Property Management
12%
$261
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239