This property might be a fair Mid-Term investment with a projected 4.55% first-year return on $60,420 initial cash invested.
4.55%
Cash On Cash
8.76%
Cap Rate
1.3
DSCR
$2,799
Rent
$229
Cashflow
Cash Flow
$2,799 income − $2,570 expenses = $229 cash flow
Investment Breakdown
|
Purchase Price
$202k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,420
Downpayment
20%
$40,400
Closing costs
1%
$2,020
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,799
Total Expenses
$2,570
Mortgage P&I
41%
$1,134
Property Taxes
15%
$414
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308