This property might be a fair Mid-Term investment with a projected 6.18% first-year return on $57,690 initial cash invested.
6.18%
Cash On Cash
8.95%
Cap Rate
1.38
DSCR
$2,343
Rent
$297
Cashflow
Cash Flow
$2,343 income − $2,046 expenses = $297 cash flow
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,343
Total Expenses
$2,046
Mortgage P&I
43%
$1,019
Property Taxes
7%
$164
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258