This property might be a fair Mid-Term investment with a projected 8.99% first-year return on $66,048 initial cash invested.
8.99%
Cash On Cash
9.61%
Cap Rate
1.5
DSCR
$2,888
Rent
$495
Cashflow
Cash Flow
$2,888 income − $2,393 expenses = $495 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,048
Downpayment
20%
$45,760
Closing costs
1%
$2,288
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,888
Total Expenses
$2,393
Mortgage P&I
42%
$1,222
Property Taxes
4%
$105
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318