This property might be a fair Mid-Term investment with a projected 3.28% first-year return on $59,643 initial cash invested.
3.28%
Cash On Cash
8.06%
Cap Rate
1.24
DSCR
$2,376
Rent
$163
Cashflow
Cash Flow
$2,376 income − $2,213 expenses = $163 cash flow
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,643
Downpayment
20%
$39,660
Closing costs
1%
$1,983
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,376
Total Expenses
$2,213
Mortgage P&I
45%
$1,074
Property Taxes
11%
$257
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261