This property might be a fair Mid-Term investment with a projected 2.45% first-year return on $60,693 initial cash invested.
2.45%
Cash On Cash
7.83%
Cap Rate
1.2
DSCR
$2,506
Rent
$124
Cashflow
Cash Flow
$2,506 income − $2,382 expenses = $124 cash flow
Investment Breakdown
|
Purchase Price
$203k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,693
Downpayment
20%
$40,660
Closing costs
1%
$2,033
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,506
Total Expenses
$2,382
Mortgage P&I
44%
$1,102
Property Taxes
14%
$354
Home Insurance
3%
$74
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276