This property might be a fair Mid-Term investment with a projected 9.57% first-year return on $60,567 initial cash invested.
9.57%
Cash On Cash
10.06%
Cap Rate
1.54
DSCR
$2,740
Rent
$483
Cashflow
Cash Flow
$2,740 income − $2,257 expenses = $483 cash flow
Investment Breakdown
|
Purchase Price
$203k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,567
Downpayment
20%
$40,540
Closing costs
1%
$2,027
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,740
Total Expenses
$2,257
Mortgage P&I
40%
$1,106
Property Taxes
5%
$147
Home Insurance
3%
$72
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301