This property might be a fair Mid-Term investment with a projected 9.7% first-year return on $55,800 initial cash invested.
9.7%
Cash On Cash
10.33%
Cap Rate
1.54
DSCR
$2,316
Rent
$451
Cashflow
Cash Flow
$2,316 income − $1,865 expenses = $451 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
$2,316
Total Expenses
$1,865
Mortgage P&I
43%
$1,005
Property Taxes
0%
$9
Home Insurance
3%
$63
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$69
Maintenance
4%
$93
Other
11%
$255