This property could be a profitable Mid-Term investment with a projected 22.25% first-year return on $43,095 initial cash invested.
22.25%
Cash On Cash
15.09%
Cap Rate
2.48
DSCR
$2,420
Rent
$799
Cashflow
Cash Flow
$2,420 income − $1,621 expenses = $799 cash flow
Investment Breakdown
|
Purchase Price
$120k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,420
Total Expenses
$1,621
Mortgage P&I
25%
$607
Property Taxes
6%
$147
Home Insurance
2%
$44
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$266