This property might be a fair Mid-Term investment with a projected 6.42% first-year return on $56,850 initial cash invested.
6.42%
Cash On Cash
8.91%
Cap Rate
1.39
DSCR
$2,108
Rent
$304
Cashflow
Cash Flow
$2,108 income − $1,804 expenses = $304 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,108
Total Expenses
$1,804
Mortgage P&I
47%
$985
Property Taxes
2%
$38
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$253
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$232