This property might be a fair Mid-Term investment with a projected 6.18% first-year return on $59,790 initial cash invested.
6.18%
Cash On Cash
9.34%
Cap Rate
1.38
DSCR
$3,021
Rent
$308
Cashflow
Cash Flow
$3,021 income − $2,713 expenses = $308 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$3,021
Total Expenses
$2,713
Mortgage P&I
37%
$1,120
Property Taxes
10%
$314
Home Insurance
2%
$70
HOA
6%
$181
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332