This property might be a fair Mid-Term investment with a projected 2.87% first-year return on $66,006 initial cash invested.
2.87%
Cash On Cash
7.72%
Cap Rate
1.23
DSCR
$2,871
Rent
$158
Cashflow
Cash Flow
$2,871 income − $2,713 expenses = $158 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,006
Downpayment
20%
$45,720
Closing costs
1%
$2,286
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,871
Total Expenses
$2,713
Mortgage P&I
42%
$1,197
Property Taxes
16%
$462
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316