This property might be a fair Mid-Term investment with a projected 2.23% first-year return on $66,825 initial cash invested.
2.23%
Cash On Cash
7.6%
Cap Rate
1.18
DSCR
$2,520
Rent
$124
Cashflow
Cash Flow
$2,520 income − $2,396 expenses = $124 cash flow
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,825
Downpayment
20%
$46,500
Closing costs
1%
$2,325
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,520
Total Expenses
$2,396
Mortgage P&I
50%
$1,248
Property Taxes
8%
$206
Home Insurance
3%
$85
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277