This property might be a fair Mid-Term investment with a projected 1.16% first-year return on $63,150 initial cash invested.
1.16%
Cash On Cash
7.55%
Cap Rate
1.14
DSCR
$2,632
Rent
$61
Cashflow
Cash Flow
$2,632 income − $2,571 expenses = $61 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,632
Total Expenses
$2,571
Mortgage P&I
45%
$1,186
Property Taxes
16%
$408
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290