This property might be a fair Mid-Term investment with a projected 7.9% first-year return on $60,630 initial cash invested.
7.9%
Cash On Cash
9.75%
Cap Rate
1.45
DSCR
$2,826
Rent
$399
Cashflow
Cash Flow
$2,826 income − $2,427 expenses = $399 cash flow
Investment Breakdown
|
Purchase Price
$203k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,630
Downpayment
20%
$40,600
Closing costs
1%
$2,030
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,826
Total Expenses
$2,427
Mortgage P&I
40%
$1,137
Property Taxes
9%
$268
Home Insurance
2%
$61
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311