This property might be a fair Mid-Term investment with a projected 1.37% first-year return on $56,892 initial cash invested.
1.37%
Cash On Cash
7.52%
Cap Rate
1.14
DSCR
$1,995
Rent
$65
Cashflow
Cash Flow
$1,995 income − $1,930 expenses = $65 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,892
Downpayment
20%
$37,040
Closing costs
1%
$1,852
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,995
Total Expenses
$1,930
Mortgage P&I
51%
$1,015
Property Taxes
9%
$171
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219