This property might be a fair Mid-Term investment with a projected 7.5% first-year return on $65,796 initial cash invested.
7.5%
Cash On Cash
9.35%
Cap Rate
1.42
DSCR
$2,766
Rent
$411
Cashflow
Cash Flow
$2,766 income − $2,355 expenses = $411 cash flow
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,796
Downpayment
20%
$45,520
Closing costs
1%
$2,276
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,766
Total Expenses
$2,355
Mortgage P&I
45%
$1,252
Property Taxes
3%
$82
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304