This property might be a fair Mid-Term investment with a projected 2.8% first-year return on $63,024 initial cash invested.
2.8%
Cash On Cash
8%
Cap Rate
1.21
DSCR
$2,559
Rent
$147
Cashflow
Cash Flow
$2,559 income − $2,412 expenses = $147 cash flow
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,024
Downpayment
20%
$42,880
Closing costs
1%
$2,144
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,559
Total Expenses
$2,412
Mortgage P&I
46%
$1,181
Property Taxes
11%
$285
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281