This property might be a fair Mid-Term investment with a projected 5.3% first-year return on $56,850 initial cash invested.
5.3%
Cash On Cash
9%
Cap Rate
1.32
DSCR
$2,234
Rent
$251
Cashflow
Cash Flow
$2,234 income − $1,983 expenses = $251 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,234
Total Expenses
$1,983
Mortgage P&I
47%
$1,047
Property Taxes
5%
$112
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$246