This property might be a fair Mid-Term investment with a projected 4.03% first-year return on $56,850 initial cash invested.
4.03%
Cash On Cash
8.44%
Cap Rate
1.28
DSCR
$2,248
Rent
$191
Cashflow
Cash Flow
$2,248 income − $2,057 expenses = $191 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,248
Total Expenses
$2,057
Mortgage P&I
45%
$1,020
Property Taxes
9%
$208
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247