This property might be a fair Mid-Term investment with a projected 3.58% first-year return on $63,990 initial cash invested.
3.58%
Cash On Cash
8.36%
Cap Rate
1.23
DSCR
$2,409
Rent
$191
Cashflow
Cash Flow
$2,409 income − $2,218 expenses = $191 cash flow
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,409
Total Expenses
$2,218
Mortgage P&I
51%
$1,239
Property Taxes
3%
$84
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265