This property might be a fair Mid-Term investment with a projected 6.14% first-year return on $63,150 initial cash invested.
6.14%
Cash On Cash
9.01%
Cap Rate
1.36
DSCR
$2,601
Rent
$323
Cashflow
Cash Flow
$2,601 income − $2,278 expenses = $323 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,601
Total Expenses
$2,278
Mortgage P&I
46%
$1,188
Property Taxes
5%
$131
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286