This property might be a fair Mid-Term investment with a projected 9.44% first-year return on $64,053 initial cash invested.
9.44%
Cash On Cash
9.87%
Cap Rate
1.53
DSCR
$2,928
Rent
$504
Cashflow
Cash Flow
$2,928 income − $2,424 expenses = $504 cash flow
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,053
Downpayment
20%
$43,860
Closing costs
1%
$2,193
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,928
Total Expenses
$2,424
Mortgage P&I
40%
$1,182
Property Taxes
6%
$163
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322