This property might be a fair Mid-Term investment with a projected 3.35% first-year return on $66,279 initial cash invested.
3.35%
Cash On Cash
8.13%
Cap Rate
1.23
DSCR
$2,550
Rent
$185
Cashflow
Cash Flow
$2,550 income − $2,365 expenses = $185 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,550
Total Expenses
$2,365
Mortgage P&I
50%
$1,270
Property Taxes
6%
$147
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280