This property might be a fair Mid-Term investment with a projected 2.7% first-year return on $66,573 initial cash invested.
2.7%
Cash On Cash
8.12%
Cap Rate
1.2
DSCR
$2,680
Rent
$150
Cashflow
Cash Flow
$2,680 income − $2,530 expenses = $150 cash flow
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,573
Downpayment
20%
$46,260
Closing costs
1%
$2,313
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,680
Total Expenses
$2,530
Mortgage P&I
49%
$1,308
Property Taxes
5%
$144
Home Insurance
3%
$82
HOA
3%
$85
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295