This property might be a fair Mid-Term investment with a projected 6.27% first-year return on $63,129 initial cash invested.
6.27%
Cash On Cash
9.06%
Cap Rate
1.37
DSCR
$2,630
Rent
$330
Cashflow
Cash Flow
$2,630 income − $2,300 expenses = $330 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,129
Downpayment
20%
$42,980
Closing costs
1%
$2,149
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,630
Total Expenses
$2,300
Mortgage P&I
45%
$1,187
Property Taxes
5%
$144
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289