This property might be a fair Mid-Term investment with a projected 5.6% first-year return on $57,690 initial cash invested.
5.6%
Cash On Cash
9%
Cap Rate
1.34
DSCR
$2,352
Rent
$269
Cashflow
Cash Flow
$2,352 income − $2,083 expenses = $269 cash flow
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,352
Total Expenses
$2,083
Mortgage P&I
45%
$1,054
Property Taxes
7%
$163
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259