This property might be a fair Mid-Term investment with a projected 9.03% first-year return on $59,790 initial cash invested.
9.03%
Cash On Cash
10.05%
Cap Rate
1.5
DSCR
$2,592
Rent
$450
Cashflow
Cash Flow
$2,592 income − $2,142 expenses = $450 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,592
Total Expenses
$2,142
Mortgage P&I
43%
$1,113
Property Taxes
3%
$67
Home Insurance
3%
$70
HOA
0%
$10
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285