This property might be a fair Mid-Term investment with a projected 7.1% first-year return on $58,950 initial cash invested.
7.1%
Cash On Cash
9%
Cap Rate
1.43
DSCR
$2,312
Rent
$349
Cashflow
Cash Flow
$2,312 income − $1,963 expenses = $349 cash flow
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,950
Downpayment
20%
$39,000
Closing costs
1%
$1,950
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,312
Total Expenses
$1,963
Mortgage P&I
44%
$1,022
Property Taxes
4%
$89
Home Insurance
3%
$68
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254