This property might be a fair Mid-Term investment with a projected 8.05% first-year return on $63,780 initial cash invested.
8.05%
Cash On Cash
9.24%
Cap Rate
1.48
DSCR
$2,985
Rent
$428
Cashflow
Cash Flow
$2,985 income − $2,557 expenses = $428 cash flow
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,780
Downpayment
20%
$43,600
Closing costs
1%
$2,180
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,985
Total Expenses
$2,557
Mortgage P&I
38%
$1,131
Property Taxes
12%
$347
Home Insurance
2%
$65
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328