This property might be a fair Mid-Term investment with a projected 7.91% first-year return on $63,990 initial cash invested.
7.91%
Cash On Cash
9.38%
Cap Rate
1.45
DSCR
$2,649
Rent
$422
Cashflow
Cash Flow
$2,649 income − $2,227 expenses = $422 cash flow
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,649
Total Expenses
$2,227
Mortgage P&I
45%
$1,183
Property Taxes
3%
$67
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291