This property might be a fair Mid-Term investment with a projected 2.24% first-year return on $67,917 initial cash invested.
2.24%
Cash On Cash
7.67%
Cap Rate
1.17
DSCR
$2,415
Rent
$127
Cashflow
Cash Flow
$2,415 income − $2,288 expenses = $127 cash flow
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,917
Downpayment
20%
$47,540
Closing costs
1%
$2,377
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,415
Total Expenses
$2,288
Mortgage P&I
54%
$1,295
Property Taxes
3%
$77
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$72
Maintenance
4%
$97
Other
11%
$266