This property might be a fair Mid-Term investment with a projected 7.72% first-year return on $55,800 initial cash invested.
7.72%
Cash On Cash
9.75%
Cap Rate
1.46
DSCR
$2,482
Rent
$359
Cashflow
Cash Flow
$2,482 income − $2,123 expenses = $359 cash flow
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,800
Downpayment
20%
$36,000
Closing costs
1%
$1,800
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,482
Total Expenses
$2,123
Mortgage P&I
40%
$1,005
Property Taxes
9%
$212
Home Insurance
3%
$63
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273