This property might be a fair Mid-Term investment with a projected 8.65% first-year return on $51,600 initial cash invested.
8.65%
Cash On Cash
10.14%
Cap Rate
1.52
DSCR
$2,288
Rent
$372
Cashflow
Cash Flow
$2,288 income − $1,916 expenses = $372 cash flow
Investment Breakdown
|
Purchase Price
$160k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,600
Downpayment
20%
$32,000
Closing costs
1%
$1,600
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,288
Total Expenses
$1,916
Mortgage P&I
39%
$888
Property Taxes
8%
$192
Home Insurance
2%
$56
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252