This property might be a fair Mid-Term investment with a projected 3.23% first-year return on $55,800 initial cash invested.
3.23%
Cash On Cash
8.27%
Cap Rate
1.23
DSCR
$2,013
Rent
$150
Cashflow
Cash Flow
$2,013 income − $1,863 expenses = $150 cash flow
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,800
Downpayment
20%
$36,000
Closing costs
1%
$1,800
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,013
Total Expenses
$1,863
Mortgage P&I
50%
$1,009
Property Taxes
5%
$106
Home Insurance
3%
$63
HOA
0%
$0
Property Management
12%
$242
CapEx
4%
$81
Vacancy
3%
$60
Maintenance
4%
$81
Other
11%
$221