This property might be a fair Mid-Term investment with a projected 6.75% first-year return on $65,082 initial cash invested.
6.75%
Cash On Cash
9.2%
Cap Rate
1.39
DSCR
$2,904
Rent
$366
Cashflow
Cash Flow
$2,904 income − $2,538 expenses = $366 cash flow
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,082
Downpayment
20%
$44,840
Closing costs
1%
$2,242
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,904
Total Expenses
$2,538
Mortgage P&I
43%
$1,237
Property Taxes
8%
$227
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319