This property might be a fair Mid-Term investment with a projected 2.93% first-year return on $59,790 initial cash invested.
2.93%
Cash On Cash
8.07%
Cap Rate
1.23
DSCR
$2,706
Rent
$146
Cashflow
Cash Flow
$2,706 income − $2,560 expenses = $146 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,706
Total Expenses
$2,560
Mortgage P&I
40%
$1,085
Property Taxes
18%
$485
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298