This property might be a fair Mid-Term investment with a projected 6.45% first-year return on $58,803 initial cash invested.
6.45%
Cash On Cash
9%
Cap Rate
1.39
DSCR
$2,338
Rent
$316
Cashflow
Cash Flow
$2,338 income − $2,022 expenses = $316 cash flow
Investment Breakdown
|
Purchase Price
$194k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,803
Downpayment
20%
$38,860
Closing costs
1%
$1,943
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,338
Total Expenses
$2,022
Mortgage P&I
45%
$1,047
Property Taxes
5%
$109
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$257