This property might be a fair Mid-Term investment with a projected 4.45% first-year return on $60,903 initial cash invested.
4.45%
Cash On Cash
8.56%
Cap Rate
1.28
DSCR
$2,270
Rent
$226
Cashflow
Cash Flow
$2,270 income − $2,044 expenses = $226 cash flow
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,903
Downpayment
20%
$40,860
Closing costs
1%
$2,043
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,270
Total Expenses
$2,044
Mortgage P&I
50%
$1,140
Property Taxes
3%
$58
Home Insurance
3%
$74
HOA
0%
$0
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250