This property might be a fair Mid-Term investment with a projected 6.27% first-year return on $56,850 initial cash invested.
6.27%
Cash On Cash
9.11%
Cap Rate
1.37
DSCR
$2,130
Rent
$297
Cashflow
Cash Flow
$2,130 income − $1,833 expenses = $297 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,130
Total Expenses
$1,833
Mortgage P&I
48%
$1,022
Property Taxes
1%
$22
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$256
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$234