This property might be a fair Mid-Term investment with a projected 7.88% first-year return on $59,097 initial cash invested.
7.88%
Cash On Cash
9.41%
Cap Rate
1.46
DSCR
$2,360
Rent
$388
Cashflow
Cash Flow
$2,360 income − $1,972 expenses = $388 cash flow
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,097
Downpayment
20%
$39,140
Closing costs
1%
$1,957
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,360
Total Expenses
$1,972
Mortgage P&I
45%
$1,053
Property Taxes
2%
$49
Home Insurance
3%
$68
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$260