This property might be a fair Mid-Term investment with a projected 2.34% first-year return on $65,040 initial cash invested.
2.34%
Cash On Cash
7.96%
Cap Rate
1.18
DSCR
$2,490
Rent
$127
Cashflow
Cash Flow
$2,490 income − $2,363 expenses = $127 cash flow
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,040
Downpayment
20%
$44,800
Closing costs
1%
$2,240
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,490
Total Expenses
$2,363
Mortgage P&I
51%
$1,258
Property Taxes
7%
$177
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274