This property might be a fair Mid-Term investment with a projected 7.41% first-year return on $63,129 initial cash invested.
7.41%
Cash On Cash
9.54%
Cap Rate
1.41
DSCR
$2,596
Rent
$390
Cashflow
Cash Flow
$2,596 income − $2,206 expenses = $390 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,129
Downpayment
20%
$42,980
Closing costs
1%
$2,149
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,596
Total Expenses
$2,206
Mortgage P&I
47%
$1,214
Property Taxes
1%
$31
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286