This property might be a fair Mid-Term investment with a projected 8.55% first-year return on $62,016 initial cash invested.
8.55%
Cash On Cash
10%
Cap Rate
1.47
DSCR
$2,829
Rent
$442
Cashflow
Cash Flow
$2,829 income − $2,387 expenses = $442 cash flow
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,016
Downpayment
20%
$41,920
Closing costs
1%
$2,096
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,829
Total Expenses
$2,387
Mortgage P&I
42%
$1,191
Property Taxes
6%
$160
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311