This property might be a fair Mid-Term investment with a projected 6.35% first-year return on $63,129 initial cash invested.
6.35%
Cash On Cash
9.32%
Cap Rate
1.39
DSCR
$3,303
Rent
$334
Cashflow
Cash Flow
$3,303 income − $2,969 expenses = $334 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,303
Total Expenses
$2,969
Mortgage P&I
36%
$1,203
Property Taxes
16%
$519
Home Insurance
2%
$75
HOA
2%
$50
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363