This property might be a fair Mid-Term investment with a projected 6.52% first-year return on $56,850 initial cash invested.
6.52%
Cash On Cash
9.13%
Cap Rate
1.4
DSCR
$2,283
Rent
$309
Cashflow
Cash Flow
$2,283 income − $1,974 expenses = $309 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,283
Total Expenses
$1,974
Mortgage P&I
44%
$1,007
Property Taxes
6%
$127
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$274
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$251