This property might be a fair Mid-Term investment with a projected 2.53% first-year return on $43,200 initial cash invested.
2.53%
Cash On Cash
7.75%
Cap Rate
1.24
DSCR
$1,431
Rent
$91
Cashflow
Cash Flow
$1,431 income − $1,340 expenses = $91 cash flow
Investment Breakdown
|
Purchase Price
$120k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,431
Total Expenses
$1,340
Mortgage P&I
44%
$627
Property Taxes
13%
$185
Home Insurance
3%
$42
HOA
0%
$0
Property Management
12%
$172
CapEx
4%
$57
Vacancy
3%
$43
Maintenance
4%
$57
Other
11%
$157