This property might be a fair Mid-Term investment with a projected 5.16% first-year return on $57,480 initial cash invested.
5.16%
Cash On Cash
8.95%
Cap Rate
1.32
DSCR
$2,385
Rent
$247
Cashflow
Cash Flow
$2,385 income − $2,138 expenses = $247 cash flow
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,480
Downpayment
20%
$37,600
Closing costs
1%
$1,880
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,385
Total Expenses
$2,138
Mortgage P&I
44%
$1,060
Property Taxes
8%
$202
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$72
Maintenance
4%
$95
Other
11%
$262