This property might be a fair Mid-Term investment with a projected 6.9% first-year return on $56,829 initial cash invested.
6.9%
Cash On Cash
9.1%
Cap Rate
1.42
DSCR
$2,205
Rent
$327
Cashflow
Cash Flow
$2,205 income − $1,878 expenses = $327 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,829
Downpayment
20%
$36,980
Closing costs
1%
$1,849
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,205
Total Expenses
$1,878
Mortgage P&I
45%
$987
Property Taxes
4%
$89
Home Insurance
2%
$52
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243