This property might be a fair Mid-Term investment with a projected 5.16% first-year return on $63,990 initial cash invested.
5.16%
Cash On Cash
8.71%
Cap Rate
1.32
DSCR
$2,784
Rent
$275
Cashflow
Cash Flow
$2,784 income − $2,509 expenses = $275 cash flow
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,784
Total Expenses
$2,509
Mortgage P&I
43%
$1,203
Property Taxes
10%
$283
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306