This property might be a fair Mid-Term investment with a projected 5.77% first-year return on $62,856 initial cash invested.
5.77%
Cash On Cash
8.89%
Cap Rate
1.34
DSCR
$2,496
Rent
$302
Cashflow
Cash Flow
$2,496 income − $2,194 expenses = $302 cash flow
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,856
Downpayment
20%
$42,720
Closing costs
1%
$2,136
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,496
Total Expenses
$2,194
Mortgage P&I
47%
$1,180
Property Taxes
4%
$88
Home Insurance
3%
$76
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275