This property might be a fair Mid-Term investment with a projected 9.6% first-year return on $66,405 initial cash invested.
9.6%
Cash On Cash
10.05%
Cap Rate
1.53
DSCR
$3,406
Rent
$531
Cashflow
Cash Flow
$3,406 income − $2,875 expenses = $531 cash flow
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,405
Downpayment
20%
$46,100
Closing costs
1%
$2,305
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,406
Total Expenses
$2,875
Mortgage P&I
37%
$1,263
Property Taxes
11%
$370
Home Insurance
2%
$84
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375