This property might be a fair Mid-Term investment with a projected 6.86% first-year return on $63,150 initial cash invested.
6.86%
Cash On Cash
9.39%
Cap Rate
1.38
DSCR
$2,643
Rent
$361
Cashflow
Cash Flow
$2,643 income − $2,282 expenses = $361 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,643
Total Expenses
$2,282
Mortgage P&I
46%
$1,216
Property Taxes
3%
$92
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291