This property might be a fair Mid-Term investment with a projected 6.32% first-year return on $63,234 initial cash invested.
6.32%
Cash On Cash
9.21%
Cap Rate
1.37
DSCR
$2,930
Rent
$333
Cashflow
Cash Flow
$2,930 income − $2,597 expenses = $333 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,234
Downpayment
20%
$43,080
Closing costs
1%
$2,154
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,930
Total Expenses
$2,597
Mortgage P&I
41%
$1,203
Property Taxes
11%
$318
Home Insurance
3%
$77
HOA
0%
$3
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322