This property might be a fair Mid-Term investment with a projected 7.75% first-year return on $56,850 initial cash invested.
7.75%
Cash On Cash
9.53%
Cap Rate
1.46
DSCR
$2,378
Rent
$367
Cashflow
Cash Flow
$2,378 income − $2,011 expenses = $367 cash flow
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,378
Total Expenses
$2,011
Mortgage P&I
42%
$1,007
Property Taxes
6%
$131
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262