This property might be a fair Mid-Term investment with a projected 7.26% first-year return on $57,879 initial cash invested.
7.26%
Cash On Cash
9.57%
Cap Rate
1.42
DSCR
$2,414
Rent
$350
Cashflow
Cash Flow
$2,414 income − $2,064 expenses = $350 cash flow
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,879
Downpayment
20%
$37,980
Closing costs
1%
$1,899
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,414
Total Expenses
$2,064
Mortgage P&I
44%
$1,067
Property Taxes
5%
$109
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$72
Maintenance
4%
$97
Other
11%
$266