This property might be a fair Mid-Term investment with a projected 6.63% first-year return on $68,043 initial cash invested.
6.63%
Cash On Cash
8.61%
Cap Rate
1.4
DSCR
$2,714
Rent
$376
Cashflow
Cash Flow
$2,714 income − $2,338 expenses = $376 cash flow
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,043
Downpayment
20%
$47,660
Closing costs
1%
$2,383
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,714
Total Expenses
$2,338
Mortgage P&I
45%
$1,225
Property Taxes
4%
$99
Home Insurance
3%
$90
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299