This property might be a fair Mid-Term investment with a projected 2.82% first-year return on $56,073 initial cash invested.
2.82%
Cash On Cash
7.75%
Cap Rate
1.24
DSCR
$2,445
Rent
$132
Cashflow
Cash Flow
$2,445 income − $2,313 expenses = $132 cash flow
Investment Breakdown
|
Purchase Price
$181k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,073
Downpayment
20%
$36,260
Closing costs
1%
$1,813
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,445
Total Expenses
$2,313
Mortgage P&I
38%
$941
Property Taxes
19%
$475
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269