This property might be a fair Mid-Term investment with a projected 8.47% first-year return on $59,055 initial cash invested.
8.47%
Cash On Cash
10.01%
Cap Rate
1.48
DSCR
$2,778
Rent
$417
Cashflow
Cash Flow
$2,778 income − $2,361 expenses = $417 cash flow
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,055
Downpayment
20%
$39,100
Closing costs
1%
$1,955
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,778
Total Expenses
$2,361
Mortgage P&I
40%
$1,102
Property Taxes
9%
$245
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306