This property might be a fair Mid-Term investment with a projected 8.55% first-year return on $67,350 initial cash invested.
8.55%
Cash On Cash
9.78%
Cap Rate
1.45
DSCR
$2,860
Rent
$480
Cashflow
Cash Flow
$2,860 income − $2,380 expenses = $480 cash flow
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,860
Total Expenses
$2,380
Mortgage P&I
46%
$1,321
Property Taxes
0%
$5
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$315