This property might be a fair Mid-Term investment with a projected 4.15% first-year return on $66,279 initial cash invested.
4.15%
Cash On Cash
8.53%
Cap Rate
1.26
DSCR
$2,656
Rent
$229
Cashflow
Cash Flow
$2,656 income − $2,427 expenses = $229 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,656
Total Expenses
$2,427
Mortgage P&I
49%
$1,299
Property Taxes
5%
$145
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292