This property might be a fair Mid-Term investment with a projected 8.56% first-year return on $62,961 initial cash invested.
8.56%
Cash On Cash
9.79%
Cap Rate
1.48
DSCR
$2,872
Rent
$449
Cashflow
Cash Flow
$2,872 income − $2,423 expenses = $449 cash flow
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,961
Downpayment
20%
$42,820
Closing costs
1%
$2,141
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,872
Total Expenses
$2,423
Mortgage P&I
41%
$1,183
Property Taxes
6%
$179
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316