This property might be a fair Mid-Term investment with a projected 9.05% first-year return on $56,325 initial cash invested.
9.05%
Cash On Cash
10.07%
Cap Rate
1.52
DSCR
$2,486
Rent
$425
Cashflow
Cash Flow
$2,486 income − $2,061 expenses = $425 cash flow
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,325
Downpayment
20%
$36,500
Closing costs
1%
$1,825
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,486
Total Expenses
$2,061
Mortgage P&I
41%
$1,008
Property Taxes
6%
$145
Home Insurance
3%
$64
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$273