This property might be a fair Mid-Term investment with a projected 4.76% first-year return on $57,690 initial cash invested.
4.76%
Cash On Cash
8.19%
Cap Rate
1.31
DSCR
$2,008
Rent
$229
Cashflow
Cash Flow
$2,008 income − $1,779 expenses = $229 cash flow
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,008
Total Expenses
$1,779
Mortgage P&I
49%
$981
Property Taxes
2%
$50
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$241
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$221