This property might be a fair Mid-Term investment with a projected 3.25% first-year return on $58,320 initial cash invested.
3.25%
Cash On Cash
8.33%
Cap Rate
1.23
DSCR
$2,330
Rent
$158
Cashflow
Cash Flow
$2,330 income − $2,172 expenses = $158 cash flow
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,320
Downpayment
20%
$38,400
Closing costs
1%
$1,920
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,330
Total Expenses
$2,172
Mortgage P&I
46%
$1,082
Property Taxes
9%
$216
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256