This property might be a fair Mid-Term investment with a projected 6.23% first-year return on $57,186 initial cash invested.
6.23%
Cash On Cash
8.69%
Cap Rate
1.4
DSCR
$2,176
Rent
$297
Cashflow
Cash Flow
$2,176 income − $1,879 expenses = $297 cash flow
Investment Breakdown
|
Purchase Price
$187k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,186
Downpayment
20%
$37,320
Closing costs
1%
$1,866
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,176
Total Expenses
$1,879
Mortgage P&I
44%
$968
Property Taxes
5%
$107
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$261
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239