This property might be a fair Mid-Term investment with a projected 9.76% first-year return on $62,436 initial cash invested.
9.76%
Cash On Cash
10.26%
Cap Rate
1.53
DSCR
$2,960
Rent
$508
Cashflow
Cash Flow
$2,960 income − $2,452 expenses = $508 cash flow
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,436
Downpayment
20%
$42,320
Closing costs
1%
$2,116
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,960
Total Expenses
$2,452
Mortgage P&I
40%
$1,184
Property Taxes
6%
$188
Home Insurance
3%
$74
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326