This property might be a fair Mid-Term investment with a projected 3.68% first-year return on $63,297 initial cash invested.
3.68%
Cash On Cash
8.11%
Cap Rate
1.25
DSCR
$2,498
Rent
$194
Cashflow
Cash Flow
$2,498 income − $2,304 expenses = $194 cash flow
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,297
Downpayment
20%
$43,140
Closing costs
1%
$2,157
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,498
Total Expenses
$2,304
Mortgage P&I
47%
$1,163
Property Taxes
3%
$64
Home Insurance
3%
$77
HOA
6%
$150
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275