This property might be a fair Mid-Term investment with a projected 8.25% first-year return on $67,791 initial cash invested.
8.25%
Cash On Cash
9.69%
Cap Rate
1.46
DSCR
$3,465
Rent
$466
Cashflow
Cash Flow
$3,465 income − $2,999 expenses = $466 cash flow
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,791
Downpayment
20%
$47,420
Closing costs
1%
$2,371
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,465
Total Expenses
$2,999
Mortgage P&I
38%
$1,310
Property Taxes
12%
$416
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381