This property might be a fair Mid-Term investment with a projected 6.66% first-year return on $58,950 initial cash invested.
6.66%
Cash On Cash
9.16%
Cap Rate
1.4
DSCR
$2,364
Rent
$327
Cashflow
Cash Flow
$2,364 income − $2,037 expenses = $327 cash flow
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,950
Downpayment
20%
$39,000
Closing costs
1%
$1,950
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,364
Total Expenses
$2,037
Mortgage P&I
45%
$1,067
Property Taxes
4%
$97
Home Insurance
3%
$68
HOA
0%
$0
Property Management
12%
$284
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$260