This property might be a fair Mid-Term investment with a projected 3.4% first-year return on $58,299 initial cash invested.
3.4%
Cash On Cash
8.29%
Cap Rate
1.26
DSCR
$2,616
Rent
$165
Cashflow
Cash Flow
$2,616 income − $2,451 expenses = $165 cash flow
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,299
Downpayment
20%
$38,380
Closing costs
1%
$1,919
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,616
Total Expenses
$2,451
Mortgage P&I
40%
$1,056
Property Taxes
16%
$407
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$78
Maintenance
4%
$105
Other
11%
$288