This property might be a fair Mid-Term investment with a projected 7.15% first-year return on $53,700 initial cash invested.
7.15%
Cash On Cash
9.65%
Cap Rate
1.43
DSCR
$2,289
Rent
$320
Cashflow
Cash Flow
$2,289 income − $1,969 expenses = $320 cash flow
Investment Breakdown
|
Purchase Price
$170k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,700
Downpayment
20%
$34,000
Closing costs
1%
$1,700
Rehab
0%
$0
Furnishing
11%
$18,000
Cashflow
Total Income
$2,289
Total Expenses
$1,969
Mortgage P&I
42%
$955
Property Taxes
8%
$174
Home Insurance
3%
$60
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252