This property might be a fair Mid-Term investment with a projected 7.55% first-year return on $62,646 initial cash invested.
7.55%
Cash On Cash
9.38%
Cap Rate
1.43
DSCR
$2,692
Rent
$394
Cashflow
Cash Flow
$2,692 income − $2,298 expenses = $394 cash flow
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,646
Downpayment
20%
$42,520
Closing costs
1%
$2,126
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,692
Total Expenses
$2,298
Mortgage P&I
43%
$1,159
Property Taxes
5%
$145
Home Insurance
3%
$78
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296