This property might be a fair Mid-Term investment with a projected 2.77% first-year return on $63,150 initial cash invested.
2.77%
Cash On Cash
7.85%
Cap Rate
1.2
DSCR
$2,204
Rent
$146
Cashflow
Cash Flow
$2,204 income − $2,058 expenses = $146 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,204
Total Expenses
$2,058
Mortgage P&I
53%
$1,172
Property Taxes
2%
$42
Home Insurance
3%
$75
HOA
1%
$21
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242