This property might be a fair Mid-Term investment with a projected 6.62% first-year return on $59,643 initial cash invested.
6.62%
Cash On Cash
9.33%
Cap Rate
1.39
DSCR
$2,504
Rent
$329
Cashflow
Cash Flow
$2,504 income − $2,175 expenses = $329 cash flow
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,643
Downpayment
20%
$39,660
Closing costs
1%
$1,983
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,504
Total Expenses
$2,175
Mortgage P&I
44%
$1,112
Property Taxes
6%
$143
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275