This property might be a fair Mid-Term investment with a projected 7.19% first-year return on $56,724 initial cash invested.
7.19%
Cash On Cash
9.6%
Cap Rate
1.43
DSCR
$2,596
Rent
$340
Cashflow
Cash Flow
$2,596 income − $2,256 expenses = $340 cash flow
Investment Breakdown
|
Purchase Price
$184k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,724
Downpayment
20%
$36,880
Closing costs
1%
$1,844
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,596
Total Expenses
$2,256
Mortgage P&I
40%
$1,031
Property Taxes
11%
$275
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286