This property might be a fair Mid-Term investment with a projected 5.59% first-year return on $63,066 initial cash invested.
5.59%
Cash On Cash
8.66%
Cap Rate
1.36
DSCR
$2,822
Rent
$294
Cashflow
Cash Flow
$2,822 income − $2,528 expenses = $294 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,066
Downpayment
20%
$42,920
Closing costs
1%
$2,146
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,822
Total Expenses
$2,528
Mortgage P&I
40%
$1,142
Property Taxes
12%
$330
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310