This property might be a fair Mid-Term investment with a projected 3.24% first-year return on $62,604 initial cash invested.
3.24%
Cash On Cash
8.26%
Cap Rate
1.23
DSCR
$2,538
Rent
$169
Cashflow
Cash Flow
$2,538 income − $2,369 expenses = $169 cash flow
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,604
Downpayment
20%
$42,480
Closing costs
1%
$2,124
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,538
Total Expenses
$2,369
Mortgage P&I
47%
$1,191
Property Taxes
9%
$235
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$279