This property might be a fair Mid-Term investment with a projected 7% first-year return on $50,571 initial cash invested.
7%
Cash On Cash
9.67%
Cap Rate
1.44
DSCR
$2,100
Rent
$295
Cashflow
Cash Flow
$2,100 income − $1,805 expenses = $295 cash flow
Investment Breakdown
|
Purchase Price
$155k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,571
Downpayment
20%
$31,020
Closing costs
1%
$1,551
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$2,100
Total Expenses
$1,805
Mortgage P&I
41%
$871
Property Taxes
7%
$154
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231