This property might be a fair Mid-Term investment with a projected 6.97% first-year return on $56,850 initial cash invested.
6.97%
Cash On Cash
9.32%
Cap Rate
1.42
DSCR
$2,366
Rent
$330
Cashflow
Cash Flow
$2,366 income − $2,036 expenses = $330 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,366
Total Expenses
$2,036
Mortgage P&I
43%
$1,012
Property Taxes
6%
$153
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$284
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$260