This property might be a fair Mid-Term investment with a projected 8.11% first-year return on $56,829 initial cash invested.
8.11%
Cash On Cash
9.65%
Cap Rate
1.47
DSCR
$2,338
Rent
$384
Cashflow
Cash Flow
$2,338 income − $1,954 expenses = $384 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,829
Downpayment
20%
$36,980
Closing costs
1%
$1,849
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,338
Total Expenses
$1,954
Mortgage P&I
43%
$1,009
Property Taxes
4%
$84
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$257