This property might be a fair Mid-Term investment with a projected 2.8% first-year return on $62,541 initial cash invested.
2.8%
Cash On Cash
8.06%
Cap Rate
1.2
DSCR
$2,367
Rent
$146
Cashflow
Cash Flow
$2,367 income − $2,221 expenses = $146 cash flow
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,541
Downpayment
20%
$42,420
Closing costs
1%
$2,121
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,367
Total Expenses
$2,221
Mortgage P&I
50%
$1,184
Property Taxes
7%
$157
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$284
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$260