This property might be a fair Mid-Term investment with a projected 7.1% first-year return on $56,934 initial cash invested.
7.1%
Cash On Cash
9.48%
Cap Rate
1.43
DSCR
$2,600
Rent
$337
Cashflow
Cash Flow
$2,600 income − $2,263 expenses = $337 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,934
Downpayment
20%
$37,080
Closing costs
1%
$1,854
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,600
Total Expenses
$2,263
Mortgage P&I
39%
$1,024
Property Taxes
10%
$267
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286