This property might be a fair Mid-Term investment with a projected 7.75% first-year return on $62,100 initial cash invested.
7.75%
Cash On Cash
9.53%
Cap Rate
1.45
DSCR
$2,950
Rent
$401
Cashflow
Cash Flow
$2,950 income − $2,549 expenses = $401 cash flow
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,100
Downpayment
20%
$42,000
Closing costs
1%
$2,100
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,950
Total Expenses
$2,549
Mortgage P&I
39%
$1,149
Property Taxes
11%
$324
Home Insurance
3%
$74
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324