This property might be a fair Mid-Term investment with a projected 6.1% first-year return on $56,829 initial cash invested.
6.1%
Cash On Cash
9.23%
Cap Rate
1.38
DSCR
$2,470
Rent
$289
Cashflow
Cash Flow
$2,470 income − $2,181 expenses = $289 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,829
Downpayment
20%
$36,980
Closing costs
1%
$1,849
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,470
Total Expenses
$2,181
Mortgage P&I
42%
$1,034
Property Taxes
10%
$242
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272