This property might be a fair Mid-Term investment with a projected 5% first-year return on $63,381 initial cash invested.
5%
Cash On Cash
8.61%
Cap Rate
1.32
DSCR
$2,706
Rent
$264
Cashflow
Cash Flow
$2,706 income − $2,442 expenses = $264 cash flow
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,381
Downpayment
20%
$43,220
Closing costs
1%
$2,161
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,706
Total Expenses
$2,442
Mortgage P&I
44%
$1,179
Property Taxes
10%
$266
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298