This property might be a fair Mid-Term investment with a projected 9.5% first-year return on $49,374 initial cash invested.
9.5%
Cash On Cash
9.98%
Cap Rate
1.61
DSCR
$1,990
Rent
$391
Cashflow
Cash Flow
$1,990 income − $1,599 expenses = $391 cash flow
Investment Breakdown
|
Purchase Price
$149k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,374
Downpayment
20%
$29,880
Closing costs
1%
$1,494
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$1,990
Total Expenses
$1,599
Mortgage P&I
39%
$772
Property Taxes
5%
$103
Home Insurance
2%
$46
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219