This property could be a profitable Mid-Term investment with a projected 15.42% first-year return on $43,200 initial cash invested.
15.42%
Cash On Cash
13.15%
Cap Rate
1.95
DSCR
$2,124
Rent
$555
Cashflow
Cash Flow
$2,124 income − $1,569 expenses = $555 cash flow
Investment Breakdown
|
Purchase Price
$120k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,124
Total Expenses
$1,569
Mortgage P&I
32%
$675
Property Taxes
6%
$129
Home Insurance
2%
$42
HOA
0%
$0
Property Management
12%
$255
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$234