This property might be a fair Mid-Term investment with a projected 9.54% first-year return on $57,375 initial cash invested.
9.54%
Cash On Cash
10.12%
Cap Rate
1.54
DSCR
$2,529
Rent
$456
Cashflow
Cash Flow
$2,529 income − $2,073 expenses = $456 cash flow
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,375
Downpayment
20%
$37,500
Closing costs
1%
$1,875
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,529
Total Expenses
$2,073
Mortgage P&I
41%
$1,025
Property Taxes
5%
$123
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278