This property might be a fair Mid-Term investment with a projected 8.97% first-year return on $57,501 initial cash invested.
8.97%
Cash On Cash
9.88%
Cap Rate
1.51
DSCR
$2,392
Rent
$430
Cashflow
Cash Flow
$2,392 income − $1,962 expenses = $430 cash flow
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,501
Downpayment
20%
$37,620
Closing costs
1%
$1,881
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,392
Total Expenses
$1,962
Mortgage P&I
43%
$1,022
Property Taxes
2%
$47
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263