This property might be a fair Mid-Term investment with a projected 6.17% first-year return on $59,160 initial cash invested.
6.17%
Cash On Cash
9.28%
Cap Rate
1.37
DSCR
$2,720
Rent
$304
Cashflow
Cash Flow
$2,720 income − $2,416 expenses = $304 cash flow
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,160
Downpayment
20%
$39,200
Closing costs
1%
$1,960
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,720
Total Expenses
$2,416
Mortgage P&I
41%
$1,102
Property Taxes
10%
$264
Home Insurance
3%
$70
HOA
2%
$55
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299