This property might be a fair Mid-Term investment with a projected 2.24% first-year return on $60,609 initial cash invested.
2.24%
Cash On Cash
7.6%
Cap Rate
1.18
DSCR
$2,187
Rent
$113
Cashflow
Cash Flow
$2,187 income − $2,074 expenses = $113 cash flow
Investment Breakdown
|
Purchase Price
$203k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,609
Downpayment
20%
$40,580
Closing costs
1%
$2,029
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,187
Total Expenses
$2,074
Mortgage P&I
50%
$1,085
Property Taxes
7%
$152
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$66
Maintenance
4%
$87
Other
11%
$241