This property might be a fair Mid-Term investment with a projected 8.43% first-year return on $56,640 initial cash invested.
8.43%
Cash On Cash
9.94%
Cap Rate
1.49
DSCR
$2,528
Rent
$398
Cashflow
Cash Flow
$2,528 income − $2,130 expenses = $398 cash flow
Investment Breakdown
|
Purchase Price
$184k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,640
Downpayment
20%
$36,800
Closing costs
1%
$1,840
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,528
Total Expenses
$2,130
Mortgage P&I
41%
$1,025
Property Taxes
7%
$185
Home Insurance
2%
$61
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278