This property might be a fair Mid-Term investment with a projected 6.29% first-year return on $58,572 initial cash invested.
6.29%
Cash On Cash
9.25%
Cap Rate
1.37
DSCR
$2,360
Rent
$307
Cashflow
Cash Flow
$2,360 income − $2,053 expenses = $307 cash flow
Investment Breakdown
|
Purchase Price
$193k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,572
Downpayment
20%
$38,640
Closing costs
1%
$1,932
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,360
Total Expenses
$2,053
Mortgage P&I
46%
$1,089
Property Taxes
4%
$94
Home Insurance
3%
$68
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$260