This property might be a fair Mid-Term investment with a projected 2.49% first-year return on $62,562 initial cash invested.
2.49%
Cash On Cash
7.42%
Cap Rate
1.2
DSCR
$2,330
Rent
$130
Cashflow
Cash Flow
$2,330 income − $2,200 expenses = $130 cash flow
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,562
Downpayment
20%
$42,440
Closing costs
1%
$2,122
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,330
Total Expenses
$2,200
Mortgage P&I
47%
$1,089
Property Taxes
10%
$244
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256