This property might be a fair Mid-Term investment with a projected 7.4% first-year return on $63,234 initial cash invested.
7.4%
Cash On Cash
9.28%
Cap Rate
1.43
DSCR
$2,715
Rent
$390
Cashflow
Cash Flow
$2,715 income − $2,325 expenses = $390 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,234
Downpayment
20%
$43,080
Closing costs
1%
$2,154
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,715
Total Expenses
$2,325
Mortgage P&I
43%
$1,166
Property Taxes
6%
$157
Home Insurance
3%
$78
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299