This property might be a fair Mid-Term investment with a projected 3.21% first-year return on $67,350 initial cash invested.
3.21%
Cash On Cash
7.87%
Cap Rate
1.22
DSCR
$2,520
Rent
$180
Cashflow
Cash Flow
$2,520 income − $2,340 expenses = $180 cash flow
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,520
Total Expenses
$2,340
Mortgage P&I
50%
$1,261
Property Taxes
3%
$70
Home Insurance
3%
$82
HOA
3%
$70
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277