This property might be a fair Mid-Term investment with a projected 4.41% first-year return on $59,580 initial cash invested.
4.41%
Cash On Cash
8.65%
Cap Rate
1.28
DSCR
$2,418
Rent
$219
Cashflow
Cash Flow
$2,418 income − $2,199 expenses = $219 cash flow
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,580
Downpayment
20%
$39,600
Closing costs
1%
$1,980
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,418
Total Expenses
$2,199
Mortgage P&I
46%
$1,111
Property Taxes
8%
$195
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$266