This property might be a fair Mid-Term investment with a projected 6.51% first-year return on $59,328 initial cash invested.
6.51%
Cash On Cash
9.38%
Cap Rate
1.39
DSCR
$2,638
Rent
$322
Cashflow
Cash Flow
$2,638 income − $2,316 expenses = $322 cash flow
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,328
Downpayment
20%
$39,360
Closing costs
1%
$1,968
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,638
Total Expenses
$2,316
Mortgage P&I
42%
$1,110
Property Taxes
9%
$238
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$290