This property might be a fair Mid-Term investment with a projected 5.78% first-year return on $66,006 initial cash invested.
5.78%
Cash On Cash
8.96%
Cap Rate
1.33
DSCR
$2,750
Rent
$318
Cashflow
Cash Flow
$2,750 income − $2,432 expenses = $318 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,750
Total Expenses
$2,432
Mortgage P&I
47%
$1,279
Property Taxes
5%
$133
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302