This property might be a fair Mid-Term investment with a projected 7.04% first-year return on $56,430 initial cash invested.
7.04%
Cash On Cash
9.44%
Cap Rate
1.42
DSCR
$2,330
Rent
$331
Cashflow
Cash Flow
$2,330 income − $1,999 expenses = $331 cash flow
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,430
Downpayment
20%
$36,600
Closing costs
1%
$1,830
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,330
Total Expenses
$1,999
Mortgage P&I
44%
$1,015
Property Taxes
5%
$120
Home Insurance
3%
$72
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256