This property might be a fair Mid-Term investment with a projected 8.41% first-year return on $62,625 initial cash invested.
8.41%
Cash On Cash
9.75%
Cap Rate
1.46
DSCR
$2,598
Rent
$439
Cashflow
Cash Flow
$2,598 income − $2,159 expenses = $439 cash flow
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,598
Total Expenses
$2,159
Mortgage P&I
46%
$1,183
Property Taxes
0%
$12
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286