This property might be a fair Mid-Term investment with a projected 7.48% first-year return on $62,688 initial cash invested.
7.48%
Cash On Cash
9.11%
Cap Rate
1.44
DSCR
$2,541
Rent
$391
Cashflow
Cash Flow
$2,541 income − $2,150 expenses = $391 cash flow
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,688
Downpayment
20%
$42,560
Closing costs
1%
$2,128
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,541
Total Expenses
$2,150
Mortgage P&I
44%
$1,123
Property Taxes
3%
$85
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280