This property might be a fair Mid-Term investment with a projected 7.64% first-year return on $66,298 initial cash invested.
7.64%
Cash On Cash
9.25%
Cap Rate
1.42
DSCR
$2,649
Rent
$422
Cashflow
Cash Flow
$2,649 income − $2,227 expenses = $422 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,298
Downpayment
20%
$45,998
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,649
Total Expenses
$2,227
Mortgage P&I
47%
$1,245
Property Taxes
0%
$2
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291