This property might be a fair Mid-Term investment with a projected 8.08% first-year return on $63,150 initial cash invested.
8.08%
Cash On Cash
9.75%
Cap Rate
1.44
DSCR
$2,626
Rent
$425
Cashflow
Cash Flow
$2,626 income − $2,201 expenses = $425 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,626
Total Expenses
$2,201
Mortgage P&I
46%
$1,216
Property Taxes
1%
$17
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289