This property might be a fair Mid-Term investment with a projected 2.75% first-year return on $62,730 initial cash invested.
2.75%
Cash On Cash
7.84%
Cap Rate
1.21
DSCR
$2,442
Rent
$144
Cashflow
Cash Flow
$2,442 income − $2,298 expenses = $144 cash flow
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,730
Downpayment
20%
$42,600
Closing costs
1%
$2,130
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,442
Total Expenses
$2,298
Mortgage P&I
47%
$1,150
Property Taxes
10%
$234
Home Insurance
3%
$75
HOA
0%
$8
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269