This property might be a fair Mid-Term investment with a projected 7.92% first-year return on $62,100 initial cash invested.
7.92%
Cash On Cash
9.62%
Cap Rate
1.44
DSCR
$2,667
Rent
$410
Cashflow
Cash Flow
$2,667 income − $2,257 expenses = $410 cash flow
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,667
Total Expenses
$2,257
Mortgage P&I
44%
$1,166
Property Taxes
4%
$110
Home Insurance
3%
$74
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293