This property might be a fair Mid-Term investment with a projected 4.3% first-year return on $65,240 initial cash invested.
4.3%
Cash On Cash
8.4%
Cap Rate
1.27
DSCR
$2,420
Rent
$234
Cashflow
Cash Flow
$2,420 income − $2,186 expenses = $234 cash flow
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,240
Downpayment
20%
$44,990
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,420
Total Expenses
$2,186
Mortgage P&I
51%
$1,243
Property Taxes
1%
$24
Home Insurance
3%
$79
HOA
1%
$17
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$266