This property might be a fair Mid-Term investment with a projected 5.98% first-year return on $60,756 initial cash invested.
5.98%
Cash On Cash
8.98%
Cap Rate
1.35
DSCR
$2,343
Rent
$303
Cashflow
Cash Flow
$2,343 income − $2,040 expenses = $303 cash flow
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,756
Downpayment
20%
$40,720
Closing costs
1%
$2,036
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,343
Total Expenses
$2,040
Mortgage P&I
48%
$1,126
Property Taxes
2%
$50
Home Insurance
3%
$67
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258