This property might be a fair Mid-Term investment with a projected 4.85% first-year return on $63,087 initial cash invested.
4.85%
Cash On Cash
8.83%
Cap Rate
1.29
DSCR
$2,594
Rent
$255
Cashflow
Cash Flow
$2,594 income − $2,339 expenses = $255 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,087
Downpayment
20%
$42,940
Closing costs
1%
$2,147
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,594
Total Expenses
$2,339
Mortgage P&I
47%
$1,220
Property Taxes
6%
$150
Home Insurance
3%
$87
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285