This property might be a fair Mid-Term investment with a projected 4.63% first-year return on $66,552 initial cash invested.
4.63%
Cash On Cash
8.44%
Cap Rate
1.29
DSCR
$2,650
Rent
$257
Cashflow
Cash Flow
$2,650 income − $2,393 expenses = $257 cash flow
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,552
Downpayment
20%
$46,240
Closing costs
1%
$2,312
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,650
Total Expenses
$2,393
Mortgage P&I
48%
$1,264
Property Taxes
7%
$180
Home Insurance
2%
$47
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292