This property might be a fair Mid-Term investment with a projected 6.96% first-year return on $54,120 initial cash invested.
6.96%
Cash On Cash
9.47%
Cap Rate
1.42
DSCR
$2,132
Rent
$314
Cashflow
Cash Flow
$2,132 income − $1,818 expenses = $314 cash flow
Investment Breakdown
|
Purchase Price
$172k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,120
Downpayment
20%
$34,400
Closing costs
1%
$1,720
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,132
Total Expenses
$1,818
Mortgage P&I
45%
$959
Property Taxes
3%
$74
Home Insurance
3%
$60
HOA
0%
$0
Property Management
12%
$256
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$235