This property might be a fair Mid-Term investment with a projected 8.22% first-year return on $57,690 initial cash invested.
8.22%
Cash On Cash
9.51%
Cap Rate
1.49
DSCR
$2,380
Rent
$395
Cashflow
Cash Flow
$2,380 income − $1,985 expenses = $395 cash flow
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,380
Total Expenses
$1,985
Mortgage P&I
42%
$1,008
Property Taxes
4%
$102
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262