This property might be a fair Mid-Term investment with a projected 9.57% first-year return on $62,940 initial cash invested.
9.57%
Cash On Cash
9.76%
Cap Rate
1.55
DSCR
$2,822
Rent
$502
Cashflow
Cash Flow
$2,822 income − $2,320 expenses = $502 cash flow
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,940
Downpayment
20%
$42,800
Closing costs
1%
$2,140
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,822
Total Expenses
$2,320
Mortgage P&I
40%
$1,125
Property Taxes
6%
$158
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310