This property might be a fair Mid-Term investment with a projected 6.2% first-year return on $66,237 initial cash invested.
6.2%
Cash On Cash
8.67%
Cap Rate
1.37
DSCR
$2,594
Rent
$342
Cashflow
Cash Flow
$2,594 income − $2,252 expenses = $342 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,237
Downpayment
20%
$45,940
Closing costs
1%
$2,297
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,594
Total Expenses
$2,252
Mortgage P&I
47%
$1,213
Property Taxes
3%
$73
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285