This property might be a fair Mid-Term investment with a projected 2.95% first-year return on $60,924 initial cash invested.
2.95%
Cash On Cash
8.18%
Cap Rate
1.2
DSCR
$2,180
Rent
$150
Cashflow
Cash Flow
$2,180 income − $2,030 expenses = $150 cash flow
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,924
Downpayment
20%
$40,880
Closing costs
1%
$2,044
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,180
Total Expenses
$2,030
Mortgage P&I
53%
$1,157
Property Taxes
3%
$58
Home Insurance
3%
$74
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$240