This property might be a fair Mid-Term investment with a projected 2.89% first-year return on $63,990 initial cash invested.
2.89%
Cash On Cash
7.81%
Cap Rate
1.21
DSCR
$2,242
Rent
$154
Cashflow
Cash Flow
$2,242 income − $2,088 expenses = $154 cash flow
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,242
Total Expenses
$2,088
Mortgage P&I
53%
$1,182
Property Taxes
3%
$66
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247