This property might be a fair Mid-Term investment with a projected 3.2% first-year return on $60,840 initial cash invested.
3.2%
Cash On Cash
8.14%
Cap Rate
1.24
DSCR
$2,552
Rent
$162
Cashflow
Cash Flow
$2,552 income − $2,390 expenses = $162 cash flow
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,840
Downpayment
20%
$40,800
Closing costs
1%
$2,040
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,552
Total Expenses
$2,390
Mortgage P&I
44%
$1,119
Property Taxes
11%
$287
Home Insurance
3%
$71
HOA
2%
$45
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281