This property might be a fair Mid-Term investment with a projected 6.95% first-year return on $42,150 initial cash invested.
6.95%
Cash On Cash
9.86%
Cap Rate
1.48
DSCR
$1,570
Rent
$244
Cashflow
Cash Flow
$1,570 income − $1,326 expenses = $244 cash flow
Investment Breakdown
|
Purchase Price
$115k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,150
Downpayment
20%
$23,000
Closing costs
1%
$1,150
Rehab
0%
$0
Furnishing
16%
$18,000
Cashflow
Total Income
$1,570
Total Expenses
$1,326
Mortgage P&I
41%
$638
Property Taxes
7%
$114
Home Insurance
3%
$40
HOA
0%
$0
Property Management
12%
$188
CapEx
4%
$63
Vacancy
3%
$47
Maintenance
4%
$63
Other
11%
$173