This property might be a fair Mid-Term investment with a projected 6.29% first-year return on $56,430 initial cash invested.
6.29%
Cash On Cash
8.99%
Cap Rate
1.39
DSCR
$2,294
Rent
$296
Cashflow
Cash Flow
$2,294 income − $1,998 expenses = $296 cash flow
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,430
Downpayment
20%
$36,600
Closing costs
1%
$1,830
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,294
Total Expenses
$1,998
Mortgage P&I
43%
$983
Property Taxes
8%
$174
Home Insurance
3%
$61
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252