This property might be a fair Mid-Term investment with a projected 8.44% first-year return on $62,415 initial cash invested.
8.44%
Cash On Cash
9.86%
Cap Rate
1.47
DSCR
$2,829
Rent
$439
Cashflow
Cash Flow
$2,829 income − $2,390 expenses = $439 cash flow
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,415
Downpayment
20%
$42,300
Closing costs
1%
$2,115
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,829
Total Expenses
$2,390
Mortgage P&I
42%
$1,186
Property Taxes
6%
$168
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311