This property might be a fair Mid-Term investment with a projected 7.46% first-year return on $68,064 initial cash invested.
7.46%
Cash On Cash
9.19%
Cap Rate
1.42
DSCR
$3,002
Rent
$423
Cashflow
Cash Flow
$3,002 income − $2,579 expenses = $423 cash flow
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,064
Downpayment
20%
$47,680
Closing costs
1%
$2,384
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,002
Total Expenses
$2,579
Mortgage P&I
43%
$1,283
Property Taxes
6%
$185
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330