This property might be a fair Mid-Term investment with a projected 2.79% first-year return on $66,216 initial cash invested.
2.79%
Cash On Cash
7.59%
Cap Rate
1.2
DSCR
$2,288
Rent
$154
Cashflow
Cash Flow
$2,288 income − $2,134 expenses = $154 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,216
Downpayment
20%
$45,920
Closing costs
1%
$2,296
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,288
Total Expenses
$2,134
Mortgage P&I
53%
$1,206
Property Taxes
3%
$64
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252