This property might be a fair Mid-Term investment with a projected 2.57% first-year return on $56,472 initial cash invested.
2.57%
Cash On Cash
8.14%
Cap Rate
1.19
DSCR
$2,006
Rent
$121
Cashflow
Cash Flow
$2,006 income − $1,885 expenses = $121 cash flow
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,472
Downpayment
20%
$36,640
Closing costs
1%
$1,832
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,006
Total Expenses
$1,885
Mortgage P&I
52%
$1,042
Property Taxes
5%
$93
Home Insurance
3%
$68
HOA
0%
$0
Property Management
12%
$241
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$221