This property might be a fair Mid-Term investment with a projected 6.8% first-year return on $59,622 initial cash invested.
6.8%
Cash On Cash
9.35%
Cap Rate
1.39
DSCR
$2,355
Rent
$338
Cashflow
Cash Flow
$2,355 income − $2,017 expenses = $338 cash flow
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,622
Downpayment
20%
$39,640
Closing costs
1%
$1,982
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,355
Total Expenses
$2,017
Mortgage P&I
47%
$1,113
Property Taxes
1%
$33
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259