This property could be a profitable Mid-Term investment with a projected 20.55% first-year return on $55,695 initial cash invested.
20.55%
Cash On Cash
13.88%
Cap Rate
2.09
DSCR
$3,256
Rent
$954
Cashflow
Cash Flow
$3,256 income − $2,302 expenses = $954 cash flow
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,695
Downpayment
20%
$35,900
Closing costs
1%
$1,795
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$3,256
Total Expenses
$2,302
Mortgage P&I
30%
$992
Property Taxes
5%
$149
Home Insurance
2%
$54
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358