This property might be a fair Mid-Term investment with a projected 2.38% first-year return on $63,570 initial cash invested.
2.38%
Cash On Cash
7.72%
Cap Rate
1.19
DSCR
$2,488
Rent
$126
Cashflow
Cash Flow
$2,488 income − $2,362 expenses = $126 cash flow
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,570
Downpayment
20%
$43,400
Closing costs
1%
$2,170
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,488
Total Expenses
$2,362
Mortgage P&I
47%
$1,170
Property Taxes
11%
$265
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274