This property might be a fair Mid-Term investment with a projected 5.9% first-year return on $68,127 initial cash invested.
5.9%
Cash On Cash
8.84%
Cap Rate
1.34
DSCR
$2,822
Rent
$335
Cashflow
Cash Flow
$2,822 income − $2,487 expenses = $335 cash flow
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,127
Downpayment
20%
$47,740
Closing costs
1%
$2,387
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,822
Total Expenses
$2,487
Mortgage P&I
46%
$1,311
Property Taxes
5%
$132
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310