This property might be a fair Mid-Term investment with a projected 6.54% first-year return on $59,790 initial cash invested.
6.54%
Cash On Cash
9.33%
Cap Rate
1.37
DSCR
$2,370
Rent
$326
Cashflow
Cash Flow
$2,370 income − $2,044 expenses = $326 cash flow
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,370
Total Expenses
$2,044
Mortgage P&I
48%
$1,126
Property Taxes
2%
$42
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$284
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261