This property might be a fair Mid-Term investment with a projected 4.64% first-year return on $59,496 initial cash invested.
4.64%
Cash On Cash
8.7%
Cap Rate
1.3
DSCR
$2,432
Rent
$230
Cashflow
Cash Flow
$2,432 income − $2,202 expenses = $230 cash flow
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,496
Downpayment
20%
$39,520
Closing costs
1%
$1,976
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,432
Total Expenses
$2,202
Mortgage P&I
45%
$1,105
Property Taxes
8%
$200
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268