This property might be a fair Mid-Term investment with a projected 5.89% first-year return on $64,830 initial cash invested.
5.89%
Cash On Cash
8.72%
Cap Rate
1.35
DSCR
$2,456
Rent
$318
Cashflow
Cash Flow
$2,456 income − $2,138 expenses = $318 cash flow
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,830
Downpayment
20%
$44,600
Closing costs
1%
$2,230
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,456
Total Expenses
$2,138
Mortgage P&I
49%
$1,204
Property Taxes
1%
$20
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270