This property might be a fair Mid-Term investment with a projected 6.22% first-year return on $57,900 initial cash invested.
6.22%
Cash On Cash
8.92%
Cap Rate
1.39
DSCR
$2,422
Rent
$300
Cashflow
Cash Flow
$2,422 income − $2,122 expenses = $300 cash flow
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,900
Downpayment
20%
$38,000
Closing costs
1%
$1,900
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,422
Total Expenses
$2,122
Mortgage P&I
42%
$1,015
Property Taxes
9%
$217
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$266