This property might be a fair Mid-Term investment with a projected 3.93% first-year return on $63,864 initial cash invested.
3.93%
Cash On Cash
8.08%
Cap Rate
1.26
DSCR
$2,440
Rent
$209
Cashflow
Cash Flow
$2,440 income − $2,231 expenses = $209 cash flow
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,864
Downpayment
20%
$43,680
Closing costs
1%
$2,184
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,440
Total Expenses
$2,231
Mortgage P&I
48%
$1,164
Property Taxes
7%
$165
Home Insurance
3%
$72
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268