This property might be a fair Mid-Term investment with a projected 9.04% first-year return on $58,173 initial cash invested.
9.04%
Cash On Cash
10.21%
Cap Rate
1.5
DSCR
$2,638
Rent
$438
Cashflow
Cash Flow
$2,638 income − $2,200 expenses = $438 cash flow
Investment Breakdown
|
Purchase Price
$191k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,173
Downpayment
20%
$38,260
Closing costs
1%
$1,913
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,638
Total Expenses
$2,200
Mortgage P&I
41%
$1,083
Property Taxes
5%
$139
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$290