This property might be a fair Mid-Term investment with a projected 9.92% first-year return on $47,400 initial cash invested.
9.92%
Cash On Cash
10.71%
Cap Rate
1.61
DSCR
$2,000
Rent
$392
Cashflow
Cash Flow
$2,000 income − $1,608 expenses = $392 cash flow
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,400
Downpayment
20%
$28,000
Closing costs
1%
$1,400
Rehab
0%
$0
Furnishing
13%
$18,000
Cashflow
Total Income
$2,000
Total Expenses
$1,608
Mortgage P&I
39%
$777
Property Taxes
5%
$102
Home Insurance
2%
$49
HOA
0%
$0
Property Management
12%
$240
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$220