This property might be a fair Mid-Term investment with a projected 2.94% first-year return on $66,531 initial cash invested.
2.94%
Cash On Cash
8.11%
Cap Rate
1.22
DSCR
$2,966
Rent
$163
Cashflow
Cash Flow
$2,966 income − $2,803 expenses = $163 cash flow
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,531
Downpayment
20%
$46,220
Closing costs
1%
$2,311
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,966
Total Expenses
$2,803
Mortgage P&I
43%
$1,280
Property Taxes
15%
$444
Home Insurance
2%
$70
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326