This property might be a fair Mid-Term investment with a projected 5.95% first-year return on $67,350 initial cash invested.
5.95%
Cash On Cash
8.65%
Cap Rate
1.35
DSCR
$2,650
Rent
$334
Cashflow
Cash Flow
$2,650 income − $2,316 expenses = $334 cash flow
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,650
Total Expenses
$2,316
Mortgage P&I
47%
$1,253
Property Taxes
3%
$79
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292