This property might be a fair Mid-Term investment with a projected 7.3% first-year return on $62,961 initial cash invested.
7.3%
Cash On Cash
9.4%
Cap Rate
1.42
DSCR
$2,796
Rent
$383
Cashflow
Cash Flow
$2,796 income − $2,413 expenses = $383 cash flow
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,961
Downpayment
20%
$42,820
Closing costs
1%
$2,141
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,796
Total Expenses
$2,413
Mortgage P&I
42%
$1,183
Property Taxes
7%
$204
Home Insurance
3%
$74
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308