This property might be a fair Mid-Term investment with a projected 6.02% first-year return on $63,990 initial cash invested.
6.02%
Cash On Cash
9.04%
Cap Rate
1.36
DSCR
$2,870
Rent
$321
Cashflow
Cash Flow
$2,870 income − $2,549 expenses = $321 cash flow
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,870
Total Expenses
$2,549
Mortgage P&I
42%
$1,213
Property Taxes
8%
$243
Home Insurance
3%
$77
HOA
1%
$40
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316