This property might be a fair Mid-Term investment with a projected 6.91% first-year return on $55,779 initial cash invested.
6.91%
Cash On Cash
9.32%
Cap Rate
1.42
DSCR
$2,360
Rent
$321
Cashflow
Cash Flow
$2,360 income − $2,039 expenses = $321 cash flow
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,779
Downpayment
20%
$35,980
Closing costs
1%
$1,799
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,360
Total Expenses
$2,039
Mortgage P&I
42%
$982
Property Taxes
8%
$192
Home Insurance
3%
$63
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$260