This property might be a fair Mid-Term investment with a projected 3.31% first-year return on $63,759 initial cash invested.
3.31%
Cash On Cash
8.23%
Cap Rate
1.22
DSCR
$2,360
Rent
$176
Cashflow
Cash Flow
$2,360 income − $2,184 expenses = $176 cash flow
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,759
Downpayment
20%
$43,580
Closing costs
1%
$2,179
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,360
Total Expenses
$2,184
Mortgage P&I
52%
$1,225
Property Taxes
3%
$81
Home Insurance
3%
$76
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$260