This property might be a fair Mid-Term investment with a projected 6.24% first-year return on $63,444 initial cash invested.
6.24%
Cash On Cash
8.68%
Cap Rate
1.38
DSCR
$2,470
Rent
$330
Cashflow
Cash Flow
$2,470 income − $2,140 expenses = $330 cash flow
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,444
Downpayment
20%
$43,280
Closing costs
1%
$2,164
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,470
Total Expenses
$2,140
Mortgage P&I
46%
$1,137
Property Taxes
3%
$86
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272