This property might be a fair Mid-Term investment with a projected 9.4% first-year return on $53,091 initial cash invested.
9.4%
Cash On Cash
10.53%
Cap Rate
1.55
DSCR
$2,600
Rent
$416
Cashflow
Cash Flow
$2,600 income − $2,184 expenses = $416 cash flow
Investment Breakdown
|
Purchase Price
$167k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,091
Downpayment
20%
$33,420
Closing costs
1%
$1,671
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,600
Total Expenses
$2,184
Mortgage P&I
36%
$946
Property Taxes
12%
$305
Home Insurance
2%
$49
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286