This property might be a fair Mid-Term investment with a projected 2.05% first-year return on $62,625 initial cash invested.
2.05%
Cash On Cash
7.96%
Cap Rate
1.17
DSCR
$2,499
Rent
$107
Cashflow
Cash Flow
$2,499 income − $2,392 expenses = $107 cash flow
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,625
Downpayment
20%
$42,500
Closing costs
1%
$2,125
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,499
Total Expenses
$2,392
Mortgage P&I
48%
$1,203
Property Taxes
10%
$257
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275