This property might be a fair Mid-Term investment with a projected 3.7% first-year return on $59,307 initial cash invested.
3.7%
Cash On Cash
8.01%
Cap Rate
1.26
DSCR
$2,103
Rent
$183
Cashflow
Cash Flow
$2,103 income − $1,920 expenses = $183 cash flow
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,307
Downpayment
20%
$39,340
Closing costs
1%
$1,967
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,103
Total Expenses
$1,920
Mortgage P&I
50%
$1,046
Property Taxes
4%
$90
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231