This property might be a fair Mid-Term investment with a projected 6.66% first-year return on $59,832 initial cash invested.
6.66%
Cash On Cash
9.31%
Cap Rate
1.39
DSCR
$2,502
Rent
$332
Cashflow
Cash Flow
$2,502 income − $2,170 expenses = $332 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,832
Downpayment
20%
$39,840
Closing costs
1%
$1,992
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,502
Total Expenses
$2,170
Mortgage P&I
45%
$1,114
Property Taxes
5%
$134
Home Insurance
3%
$72
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275