This property might be a fair Mid-Term investment with a projected 7.98% first-year return on $55,800 initial cash invested.
7.98%
Cash On Cash
9.77%
Cap Rate
1.49
DSCR
$2,810
Rent
$371
Cashflow
Cash Flow
$2,810 income − $2,439 expenses = $371 cash flow
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,810
Total Expenses
$2,439
Mortgage P&I
35%
$982
Property Taxes
16%
$440
Home Insurance
2%
$63
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309