This property might be a fair Mid-Term investment with a projected 8.05% first-year return on $56,829 initial cash invested.
8.05%
Cash On Cash
9.55%
Cap Rate
1.48
DSCR
$2,416
Rent
$381
Cashflow
Cash Flow
$2,416 income − $2,035 expenses = $381 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,829
Downpayment
20%
$36,980
Closing costs
1%
$1,849
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,416
Total Expenses
$2,035
Mortgage P&I
41%
$993
Property Taxes
6%
$155
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$72
Maintenance
4%
$97
Other
11%
$266