This property might be a fair Mid-Term investment with a projected 3.98% first-year return on $63,003 initial cash invested.
3.98%
Cash On Cash
8.36%
Cap Rate
1.25
DSCR
$2,313
Rent
$209
Cashflow
Cash Flow
$2,313 income − $2,104 expenses = $209 cash flow
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,003
Downpayment
20%
$42,860
Closing costs
1%
$2,143
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,313
Total Expenses
$2,104
Mortgage P&I
51%
$1,191
Property Taxes
2%
$49
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$69
Maintenance
4%
$93
Other
11%
$254