This property might be a fair Mid-Term investment with a projected 7.16% first-year return on $63,339 initial cash invested.
7.16%
Cash On Cash
8.87%
Cap Rate
1.43
DSCR
$2,494
Rent
$378
Cashflow
Cash Flow
$2,494 income − $2,116 expenses = $378 cash flow
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,339
Downpayment
20%
$43,180
Closing costs
1%
$2,159
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,494
Total Expenses
$2,116
Mortgage P&I
45%
$1,118
Property Taxes
3%
$71
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274