This property might be a fair Mid-Term investment with a projected 2.9% first-year return on $68,190 initial cash invested.
2.9%
Cash On Cash
8.05%
Cap Rate
1.2
DSCR
$2,448
Rent
$165
Cashflow
Cash Flow
$2,448 income − $2,283 expenses = $165 cash flow
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,448
Total Expenses
$2,283
Mortgage P&I
55%
$1,340
Property Taxes
1%
$27
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269