This property might be a fair Mid-Term investment with a projected 9.37% first-year return on $56,850 initial cash invested.
9.37%
Cash On Cash
10.03%
Cap Rate
1.55
DSCR
$2,559
Rent
$444
Cashflow
Cash Flow
$2,559 income − $2,115 expenses = $444 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,559
Total Expenses
$2,115
Mortgage P&I
39%
$1,001
Property Taxes
7%
$180
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281