This property might be a fair Mid-Term investment with a projected 8.23% first-year return on $63,150 initial cash invested.
8.23%
Cash On Cash
9.82%
Cap Rate
1.45
DSCR
$2,798
Rent
$433
Cashflow
Cash Flow
$2,798 income − $2,365 expenses = $433 cash flow
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,798
Total Expenses
$2,365
Mortgage P&I
43%
$1,215
Property Taxes
4%
$123
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308