This property might be a fair Mid-Term investment with a projected 8.93% first-year return on $63,864 initial cash invested.
8.93%
Cash On Cash
9.88%
Cap Rate
1.49
DSCR
$2,882
Rent
$475
Cashflow
Cash Flow
$2,882 income − $2,407 expenses = $475 cash flow
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,864
Downpayment
20%
$43,680
Closing costs
1%
$2,184
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,882
Total Expenses
$2,407
Mortgage P&I
42%
$1,208
Property Taxes
5%
$138
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317