This property might be a fair Mid-Term investment with a projected 5.99% first-year return on $57,711 initial cash invested.
5.99%
Cash On Cash
9.1%
Cap Rate
1.36
DSCR
$2,326
Rent
$288
Cashflow
Cash Flow
$2,326 income − $2,038 expenses = $288 cash flow
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,711
Downpayment
20%
$37,820
Closing costs
1%
$1,891
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,326
Total Expenses
$2,038
Mortgage P&I
45%
$1,053
Property Taxes
6%
$131
Home Insurance
3%
$63
HOA
0%
$0
Property Management
12%
$279
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256