This property might be a fair Mid-Term investment with a projected 6.81% first-year return on $61,890 initial cash invested.
6.81%
Cash On Cash
9.21%
Cap Rate
1.4
DSCR
$2,738
Rent
$351
Cashflow
Cash Flow
$2,738 income − $2,387 expenses = $351 cash flow
Investment Breakdown
|
Purchase Price
$209k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,890
Downpayment
20%
$41,800
Closing costs
1%
$2,090
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,738
Total Expenses
$2,387
Mortgage P&I
42%
$1,143
Property Taxes
9%
$239
Home Insurance
3%
$73
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301