This property might be a fair Mid-Term investment with a projected 8.46% first-year return on $56,850 initial cash invested.
8.46%
Cash On Cash
9.52%
Cap Rate
1.52
DSCR
$2,512
Rent
$401
Cashflow
Cash Flow
$2,512 income − $2,111 expenses = $401 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,512
Total Expenses
$2,111
Mortgage P&I
39%
$967
Property Taxes
9%
$227
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276