This property might be a fair Mid-Term investment with a projected 6.67% first-year return on $57,711 initial cash invested.
6.67%
Cash On Cash
9.21%
Cap Rate
1.41
DSCR
$2,456
Rent
$321
Cashflow
Cash Flow
$2,456 income − $2,135 expenses = $321 cash flow
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,711
Downpayment
20%
$37,820
Closing costs
1%
$1,891
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,456
Total Expenses
$2,135
Mortgage P&I
42%
$1,033
Property Taxes
8%
$199
Home Insurance
3%
$68
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270