This property might be a fair Mid-Term investment with a projected 6.51% first-year return on $57,690 initial cash invested.
6.51%
Cash On Cash
9.25%
Cap Rate
1.38
DSCR
$2,307
Rent
$313
Cashflow
Cash Flow
$2,307 income − $1,994 expenses = $313 cash flow
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,307
Total Expenses
$1,994
Mortgage P&I
46%
$1,052
Property Taxes
4%
$92
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254