This property might be a fair Mid-Term investment with a projected 4.24% first-year return on $66,573 initial cash invested.
4.24%
Cash On Cash
8.53%
Cap Rate
1.27
DSCR
$2,846
Rent
$235
Cashflow
Cash Flow
$2,846 income − $2,611 expenses = $235 cash flow
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,573
Downpayment
20%
$46,260
Closing costs
1%
$2,313
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,846
Total Expenses
$2,611
Mortgage P&I
46%
$1,295
Property Taxes
9%
$262
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313