This property might be a fair Long-Term investment with a projected 6.08% first-year return on $38,850 initial cash invested.
6.08%
Cash On Cash
8.53%
Cap Rate
1.29
DSCR
$1,980
Rent
$197
Cashflow
Cash Flow
$1,980 income − $1,783 expenses = $197 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,980
Total Expenses
$1,783
Mortgage P&I
51%
$1,019
Property Taxes
9%
$184
Home Insurance
3%
$65
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0