This property might be a fair Mid-Term investment with a projected 3.25% first-year return on $59,790 initial cash invested.
3.25%
Cash On Cash
8.21%
Cap Rate
1.24
DSCR
$2,462
Rent
$162
Cashflow
Cash Flow
$2,462 income − $2,300 expenses = $162 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,462
Total Expenses
$2,300
Mortgage P&I
45%
$1,102
Property Taxes
12%
$292
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$271