This property might be a fair Mid-Term investment with a projected 8.07% first-year return on $62,478 initial cash invested.
8.07%
Cash On Cash
9.54%
Cap Rate
1.45
DSCR
$2,625
Rent
$420
Cashflow
Cash Flow
$2,625 income − $2,205 expenses = $420 cash flow
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,478
Downpayment
20%
$42,360
Closing costs
1%
$2,118
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,625
Total Expenses
$2,205
Mortgage P&I
44%
$1,159
Property Taxes
4%
$101
Home Insurance
2%
$52
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289