This property might be a fair Mid-Term investment with a projected 3.23% first-year return on $66,825 initial cash invested.
3.23%
Cash On Cash
7.96%
Cap Rate
1.22
DSCR
$2,535
Rent
$180
Cashflow
Cash Flow
$2,535 income − $2,355 expenses = $180 cash flow
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,825
Downpayment
20%
$46,500
Closing costs
1%
$2,325
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,535
Total Expenses
$2,355
Mortgage P&I
50%
$1,262
Property Taxes
6%
$150
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279