This property could be a profitable Mid-Term investment with a projected 17.92% first-year return on $43,200 initial cash invested.
17.92%
Cash On Cash
13.65%
Cap Rate
2.16
DSCR
$2,168
Rent
$645
Cashflow
Cash Flow
$2,168 income − $1,523 expenses = $645 cash flow
Investment Breakdown
|
Purchase Price
$120k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,168
Total Expenses
$1,523
Mortgage P&I
29%
$633
Property Taxes
5%
$111
Home Insurance
2%
$42
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$238