This property might be a fair Mid-Term investment with a projected 6.46% first-year return on $63,150 initial cash invested.
6.46%
Cash On Cash
8.95%
Cap Rate
1.38
DSCR
$2,595
Rent
$340
Cashflow
Cash Flow
$2,595 income − $2,255 expenses = $340 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,595
Total Expenses
$2,255
Mortgage P&I
45%
$1,159
Property Taxes
5%
$139
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285