This property might be a fair Mid-Term investment with a projected 2.92% first-year return on $57,165 initial cash invested.
2.92%
Cash On Cash
8.08%
Cap Rate
1.24
DSCR
$2,488
Rent
$139
Cashflow
Cash Flow
$2,488 income − $2,349 expenses = $139 cash flow
Investment Breakdown
|
Purchase Price
$187k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,165
Downpayment
20%
$37,300
Closing costs
1%
$1,865
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,488
Total Expenses
$2,349
Mortgage P&I
41%
$1,016
Property Taxes
16%
$406
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274