This property might be a fair Mid-Term investment with a projected 9.52% first-year return on $62,625 initial cash invested.
9.52%
Cash On Cash
10.22%
Cap Rate
1.52
DSCR
$3,148
Rent
$497
Cashflow
Cash Flow
$3,148 income − $2,651 expenses = $497 cash flow
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,625
Downpayment
20%
$42,500
Closing costs
1%
$2,125
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,148
Total Expenses
$2,651
Mortgage P&I
38%
$1,187
Property Taxes
10%
$310
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346