This property might be a fair Mid-Term investment with a projected 8.12% first-year return on $43,620 initial cash invested.
8.12%
Cash On Cash
10.29%
Cap Rate
1.56
DSCR
$1,978
Rent
$295
Cashflow
Cash Flow
$1,978 income − $1,683 expenses = $295 cash flow
Investment Breakdown
|
Purchase Price
$122k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$43,620
Downpayment
20%
$24,400
Closing costs
1%
$1,220
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$1,978
Total Expenses
$1,683
Mortgage P&I
34%
$672
Property Taxes
15%
$296
Home Insurance
2%
$43
HOA
0%
$0
Property Management
12%
$237
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$218