This property might be a fair Mid-Term investment with a projected 6.62% first-year return on $55,800 initial cash invested.
6.62%
Cash On Cash
9.39%
Cap Rate
1.41
DSCR
$2,588
Rent
$308
Cashflow
Cash Flow
$2,588 income − $2,280 expenses = $308 cash flow
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,588
Total Expenses
$2,280
Mortgage P&I
38%
$996
Property Taxes
13%
$339
Home Insurance
2%
$63
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285