This property might be a fair Mid-Term investment with a projected 6.79% first-year return on $59,244 initial cash invested.
6.79%
Cash On Cash
8.99%
Cap Rate
1.41
DSCR
$2,406
Rent
$335
Cashflow
Cash Flow
$2,406 income − $2,071 expenses = $335 cash flow
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,244
Downpayment
20%
$39,280
Closing costs
1%
$1,964
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,406
Total Expenses
$2,071
Mortgage P&I
43%
$1,041
Property Taxes
6%
$142
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265