This property might be a fair Mid-Term investment with a projected 1.13% first-year return on $63,486 initial cash invested.
1.13%
Cash On Cash
7.56%
Cap Rate
1.14
DSCR
$2,574
Rent
$60
Cashflow
Cash Flow
$2,574 income − $2,514 expenses = $60 cash flow
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,486
Downpayment
20%
$43,320
Closing costs
1%
$2,166
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,574
Total Expenses
$2,514
Mortgage P&I
47%
$1,202
Property Taxes
13%
$346
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283