This property might be a fair Mid-Term investment with a projected 6.76% first-year return on $62,331 initial cash invested.
6.76%
Cash On Cash
9.3%
Cap Rate
1.38
DSCR
$2,523
Rent
$351
Cashflow
Cash Flow
$2,523 income − $2,172 expenses = $351 cash flow
Investment Breakdown
|
Purchase Price
$211k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,331
Downpayment
20%
$42,220
Closing costs
1%
$2,111
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,523
Total Expenses
$2,172
Mortgage P&I
47%
$1,184
Property Taxes
2%
$54
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278