This property might be a fair Mid-Term investment with a projected 2.72% first-year return on $56,850 initial cash invested.
2.72%
Cash On Cash
8.05%
Cap Rate
1.2
DSCR
$2,008
Rent
$129
Cashflow
Cash Flow
$2,008 income − $1,879 expenses = $129 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,008
Total Expenses
$1,879
Mortgage P&I
51%
$1,032
Property Taxes
5%
$100
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$241
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$221