This property might be a fair Mid-Term investment with a projected 6.99% first-year return on $59,769 initial cash invested.
6.99%
Cash On Cash
9.39%
Cap Rate
1.42
DSCR
$2,718
Rent
$348
Cashflow
Cash Flow
$2,718 income − $2,370 expenses = $348 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,769
Downpayment
20%
$39,780
Closing costs
1%
$1,989
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,718
Total Expenses
$2,370
Mortgage P&I
40%
$1,100
Property Taxes
10%
$268
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299