This property could be a profitable Mid-Term investment with a projected 10.28% first-year return on $43,200 initial cash invested.
10.28%
Cash On Cash
10.91%
Cap Rate
1.67
DSCR
$1,650
Rent
$370
Cashflow
Cash Flow
$1,650 income − $1,280 expenses = $370 cash flow
Investment Breakdown
|
Purchase Price
$120k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,650
Total Expenses
$1,280
Mortgage P&I
40%
$655
Property Taxes
1%
$21
Home Insurance
3%
$42
HOA
0%
$0
Property Management
12%
$198
CapEx
4%
$66
Vacancy
3%
$50
Maintenance
4%
$66
Other
11%
$182