This property might be a fair Mid-Term investment with a projected 6.56% first-year return on $63,150 initial cash invested.
6.56%
Cash On Cash
9.35%
Cap Rate
1.38
DSCR
$2,991
Rent
$345
Cashflow
Cash Flow
$2,991 income − $2,646 expenses = $345 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,991
Total Expenses
$2,646
Mortgage P&I
40%
$1,210
Property Taxes
11%
$343
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329