This property might be a fair Mid-Term investment with a projected 8.09% first-year return on $56,976 initial cash invested.
8.09%
Cash On Cash
9.59%
Cap Rate
1.48
DSCR
$2,488
Rent
$384
Cashflow
Cash Flow
$2,488 income − $2,104 expenses = $384 cash flow
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,976
Downpayment
20%
$37,120
Closing costs
1%
$1,856
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,488
Total Expenses
$2,104
Mortgage P&I
40%
$1,000
Property Taxes
8%
$195
Home Insurance
2%
$61
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274