This property might be a fair Mid-Term investment with a projected 8.87% first-year return on $62,499 initial cash invested.
8.87%
Cash On Cash
9.55%
Cap Rate
1.53
DSCR
$3,132
Rent
$462
Cashflow
Cash Flow
$3,132 income − $2,670 expenses = $462 cash flow
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,499
Downpayment
20%
$42,380
Closing costs
1%
$2,119
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,132
Total Expenses
$2,670
Mortgage P&I
35%
$1,100
Property Taxes
14%
$428
Home Insurance
2%
$77
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345