This property might be a fair Mid-Term investment with a projected 2.25% first-year return on $63,360 initial cash invested.
2.25%
Cash On Cash
7.71%
Cap Rate
1.18
DSCR
$2,223
Rent
$119
Cashflow
Cash Flow
$2,223 income − $2,104 expenses = $119 cash flow
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,360
Downpayment
20%
$43,200
Closing costs
1%
$2,160
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,223
Total Expenses
$2,104
Mortgage P&I
53%
$1,179
Property Taxes
4%
$92
Home Insurance
3%
$76
HOA
0%
$0
Property Management
12%
$267
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$245