This property might be a fair Mid-Term investment with a projected 6.87% first-year return on $59,370 initial cash invested.
6.87%
Cash On Cash
9.2%
Cap Rate
1.41
DSCR
$2,424
Rent
$340
Cashflow
Cash Flow
$2,424 income − $2,084 expenses = $340 cash flow
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,370
Downpayment
20%
$39,400
Closing costs
1%
$1,970
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,424
Total Expenses
$2,084
Mortgage P&I
44%
$1,073
Property Taxes
5%
$116
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267