This property could be a profitable Mid-Term investment with a projected 14.5% first-year return on $43,200 initial cash invested.
14.5%
Cash On Cash
12.67%
Cap Rate
1.9
DSCR
$1,929
Rent
$522
Cashflow
Cash Flow
$1,929 income − $1,407 expenses = $522 cash flow
Investment Breakdown
|
Purchase Price
$120k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$43,200
Downpayment
20%
$24,000
Closing costs
1%
$1,200
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$1,929
Total Expenses
$1,407
Mortgage P&I
35%
$668
Property Taxes
2%
$42
Home Insurance
2%
$42
HOA
0%
$0
Property Management
12%
$231
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$212