This property might be a fair Mid-Term investment with a projected 6.94% first-year return on $57,438 initial cash invested.
6.94%
Cash On Cash
9.46%
Cap Rate
1.4
DSCR
$2,344
Rent
$332
Cashflow
Cash Flow
$2,344 income − $2,012 expenses = $332 cash flow
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,438
Downpayment
20%
$37,560
Closing costs
1%
$1,878
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,344
Total Expenses
$2,012
Mortgage P&I
45%
$1,055
Property Taxes
4%
$94
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258