This property might be a fair Mid-Term investment with a projected 6.55% first-year return on $57,879 initial cash invested.
6.55%
Cash On Cash
9.32%
Cap Rate
1.39
DSCR
$2,378
Rent
$316
Cashflow
Cash Flow
$2,378 income − $2,062 expenses = $316 cash flow
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,879
Downpayment
20%
$37,980
Closing costs
1%
$1,899
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,378
Total Expenses
$2,062
Mortgage P&I
45%
$1,064
Property Taxes
5%
$124
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262