This property might be a fair Mid-Term investment with a projected 5.92% first-year return on $59,223 initial cash invested.
5.92%
Cash On Cash
8.99%
Cap Rate
1.38
DSCR
$2,805
Rent
$292
Cashflow
Cash Flow
$2,805 income − $2,513 expenses = $292 cash flow
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,223
Downpayment
20%
$39,260
Closing costs
1%
$1,963
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,805
Total Expenses
$2,513
Mortgage P&I
38%
$1,067
Property Taxes
14%
$399
Home Insurance
3%
$93
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309