This property might be a fair Mid-Term investment with a projected 2.84% first-year return on $63,801 initial cash invested.
2.84%
Cash On Cash
7.91%
Cap Rate
1.2
DSCR
$2,222
Rent
$151
Cashflow
Cash Flow
$2,222 income − $2,071 expenses = $151 cash flow
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,801
Downpayment
20%
$43,620
Closing costs
1%
$2,181
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,222
Total Expenses
$2,071
Mortgage P&I
54%
$1,198
Property Taxes
2%
$38
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$267
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$244