This property might be a fair Mid-Term investment with a projected 2.62% first-year return on $63,192 initial cash invested.
2.62%
Cash On Cash
8.33%
Cap Rate
1.18
DSCR
$2,340
Rent
$138
Cashflow
Cash Flow
$2,340 income − $2,202 expenses = $138 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
8.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,192
Downpayment
20%
$43,040
Closing costs
1%
$2,152
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,340
Total Expenses
$2,202
Mortgage P&I
54%
$1,262
Property Taxes
3%
$67
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$257