This property might be a fair Mid-Term investment with a projected 8.95% first-year return on $57,543 initial cash invested.
8.95%
Cash On Cash
9.97%
Cap Rate
1.52
DSCR
$2,610
Rent
$429
Cashflow
Cash Flow
$2,610 income − $2,181 expenses = $429 cash flow
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,543
Downpayment
20%
$37,660
Closing costs
1%
$1,883
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,610
Total Expenses
$2,181
Mortgage P&I
40%
$1,031
Property Taxes
5%
$142
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287