This property could be a profitable Mid-Term investment with a projected 14.56% first-year return on $43,200 initial cash invested.
14.56%
Cash On Cash
12.81%
Cap Rate
1.9
DSCR
$2,094
Rent
$524
Cashflow
Cash Flow
$2,094 income − $1,570 expenses = $524 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
$2,094
Total Expenses
$1,570
Mortgage P&I
32%
$673
Property Taxes
7%
$143
Home Insurance
2%
$42
HOA
0%
$0
Property Management
12%
$251
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$230