This property might be a fair Mid-Term investment with a projected 3.47% first-year return on $63,612 initial cash invested.
3.47%
Cash On Cash
8.24%
Cap Rate
1.24
DSCR
$2,552
Rent
$184
Cashflow
Cash Flow
$2,552 income − $2,368 expenses = $184 cash flow
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,612
Downpayment
20%
$43,440
Closing costs
1%
$2,172
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,552
Total Expenses
$2,368
Mortgage P&I
47%
$1,206
Property Taxes
9%
$217
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281