This property might be a fair Mid-Term investment with a projected 9.69% first-year return on $56,850 initial cash invested.
9.69%
Cash On Cash
10.11%
Cap Rate
1.56
DSCR
$2,488
Rent
$459
Cashflow
Cash Flow
$2,488 income − $2,029 expenses = $459 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,488
Total Expenses
$2,029
Mortgage P&I
40%
$1,000
Property Taxes
5%
$116
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274