This property might be a fair Mid-Term investment with a projected 6.55% first-year return on $63,738 initial cash invested.
6.55%
Cash On Cash
9.23%
Cap Rate
1.37
DSCR
$2,672
Rent
$348
Cashflow
Cash Flow
$2,672 income − $2,324 expenses = $348 cash flow
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,738
Downpayment
20%
$43,560
Closing costs
1%
$2,178
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,672
Total Expenses
$2,324
Mortgage P&I
46%
$1,220
Property Taxes
3%
$86
Home Insurance
3%
$84
HOA
1%
$25
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294