This property might be a fair Long-Term investment with a projected 8.83% first-year return on $38,850 initial cash invested.
8.83%
Cash On Cash
9.16%
Cap Rate
1.39
DSCR
$2,166
Rent
$286
Cashflow
Cash Flow
$2,166 income − $1,880 expenses = $286 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
$2,166
Total Expenses
$1,880
Mortgage P&I
47%
$1,018
Property Taxes
11%
$234
Home Insurance
3%
$65
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0