This property might be a fair Mid-Term investment with a projected 8.27% first-year return on $59,790 initial cash invested.
8.27%
Cash On Cash
9.78%
Cap Rate
1.47
DSCR
$2,756
Rent
$412
Cashflow
Cash Flow
$2,756 income − $2,344 expenses = $412 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,756
Total Expenses
$2,344
Mortgage P&I
40%
$1,100
Property Taxes
9%
$237
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303