This property might be a fair Mid-Term investment with a projected 6.64% first-year return on $59,475 initial cash invested.
6.64%
Cash On Cash
8.81%
Cap Rate
1.41
DSCR
$2,350
Rent
$329
Cashflow
Cash Flow
$2,350 income − $2,021 expenses = $329 cash flow
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,475
Downpayment
20%
$39,500
Closing costs
1%
$1,975
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,350
Total Expenses
$2,021
Mortgage P&I
44%
$1,027
Property Taxes
5%
$118
Home Insurance
3%
$70
HOA
0%
$8
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258