This property might be a fair Mid-Term investment with a projected 3.7% first-year return on $65,124 initial cash invested.
3.7%
Cash On Cash
8.37%
Cap Rate
1.24
DSCR
$2,484
Rent
$201
Cashflow
Cash Flow
$2,484 income − $2,283 expenses = $201 cash flow
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,124
Downpayment
20%
$44,880
Closing costs
1%
$2,244
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,484
Total Expenses
$2,283
Mortgage P&I
51%
$1,265
Property Taxes
4%
$94
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$273