This property might be a fair Mid-Term investment with a projected 3.28% first-year return on $58,887 initial cash invested.
3.28%
Cash On Cash
8.3%
Cap Rate
1.24
DSCR
$2,492
Rent
$161
Cashflow
Cash Flow
$2,492 income − $2,331 expenses = $161 cash flow
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,887
Downpayment
20%
$38,940
Closing costs
1%
$1,947
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,492
Total Expenses
$2,331
Mortgage P&I
44%
$1,085
Property Taxes
13%
$328
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274