This property might be a fair Mid-Term investment with a projected 8.55% first-year return on $63,444 initial cash invested.
8.55%
Cash On Cash
9.74%
Cap Rate
1.47
DSCR
$2,757
Rent
$452
Cashflow
Cash Flow
$2,757 income − $2,305 expenses = $452 cash flow
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,444
Downpayment
20%
$43,280
Closing costs
1%
$2,164
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,757
Total Expenses
$2,305
Mortgage P&I
43%
$1,194
Property Taxes
3%
$94
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303