This property might be a fair Mid-Term investment with a projected 6.83% first-year return on $52,335 initial cash invested.
6.83%
Cash On Cash
9.29%
Cap Rate
1.43
DSCR
$1,996
Rent
$298
Cashflow
Cash Flow
$1,996 income − $1,698 expenses = $298 cash flow
Investment Breakdown
|
Purchase Price
$164k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,335
Downpayment
20%
$32,700
Closing costs
1%
$1,635
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$1,996
Total Expenses
$1,698
Mortgage P&I
44%
$888
Property Taxes
4%
$72
Home Insurance
3%
$58
HOA
0%
$0
Property Management
12%
$240
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$220