This property might be a fair Mid-Term investment with a projected 5.6% first-year return on $61,050 initial cash invested.
5.6%
Cash On Cash
8.9%
Cap Rate
1.34
DSCR
$2,438
Rent
$285
Cashflow
Cash Flow
$2,438 income − $2,153 expenses = $285 cash flow
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,050
Downpayment
20%
$41,000
Closing costs
1%
$2,050
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,438
Total Expenses
$2,153
Mortgage P&I
47%
$1,137
Property Taxes
5%
$114
Home Insurance
3%
$72
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268