This property might be a fair Mid-Term investment with a projected 4.43% first-year return on $67,140 initial cash invested.
4.43%
Cash On Cash
8.52%
Cap Rate
1.27
DSCR
$2,620
Rent
$248
Cashflow
Cash Flow
$2,620 income − $2,372 expenses = $248 cash flow
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,140
Downpayment
20%
$46,800
Closing costs
1%
$2,340
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,620
Total Expenses
$2,372
Mortgage P&I
50%
$1,309
Property Taxes
3%
$90
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288