This property might be a fair Mid-Term investment with a projected 8.96% first-year return on $57,081 initial cash invested.
8.96%
Cash On Cash
9.63%
Cap Rate
1.55
DSCR
$2,514
Rent
$426
Cashflow
Cash Flow
$2,514 income − $2,088 expenses = $426 cash flow
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,081
Downpayment
20%
$37,220
Closing costs
1%
$1,861
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,514
Total Expenses
$2,088
Mortgage P&I
38%
$966
Property Taxes
8%
$201
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$75
Maintenance
4%
$101
Other
11%
$277