This property might be a fair Mid-Term investment with a projected 4.02% first-year return on $66,909 initial cash invested.
4.02%
Cash On Cash
8.08%
Cap Rate
1.26
DSCR
$2,475
Rent
$224
Cashflow
Cash Flow
$2,475 income − $2,251 expenses = $224 cash flow
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,909
Downpayment
20%
$46,580
Closing costs
1%
$2,329
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,475
Total Expenses
$2,251
Mortgage P&I
50%
$1,246
Property Taxes
3%
$80
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272