This property might be a fair Mid-Term investment with a projected 8.83% first-year return on $55,695 initial cash invested.
8.83%
Cash On Cash
10.24%
Cap Rate
1.5
DSCR
$2,492
Rent
$410
Cashflow
Cash Flow
$2,492 income − $2,082 expenses = $410 cash flow
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,695
Downpayment
20%
$35,900
Closing costs
1%
$1,795
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,492
Total Expenses
$2,082
Mortgage P&I
41%
$1,022
Property Taxes
6%
$149
Home Insurance
3%
$63
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274