This property might be a fair Mid-Term investment with a projected 6.25% first-year return on $54,120 initial cash invested.
6.25%
Cash On Cash
9.03%
Cap Rate
1.41
DSCR
$2,288
Rent
$282
Cashflow
Cash Flow
$2,288 income − $2,006 expenses = $282 cash flow
Investment Breakdown
|
Purchase Price
$172k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,120
Downpayment
20%
$34,400
Closing costs
1%
$1,720
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,288
Total Expenses
$2,006
Mortgage P&I
40%
$921
Property Taxes
10%
$233
Home Insurance
3%
$72
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252