This property might be a fair Mid-Term investment with a projected 8.63% first-year return on $47,400 initial cash invested.
8.63%
Cash On Cash
10.33%
Cap Rate
1.53
DSCR
$1,942
Rent
$341
Cashflow
Cash Flow
$1,942 income − $1,601 expenses = $341 cash flow
Investment Breakdown
|
Purchase Price
$140k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,942
Total Expenses
$1,601
Mortgage P&I
40%
$786
Property Taxes
5%
$105
Home Insurance
3%
$49
HOA
0%
$0
Property Management
12%
$233
CapEx
4%
$78
Vacancy
3%
$58
Maintenance
4%
$78
Other
11%
$214