This property might be a fair Mid-Term investment with a projected 6.28% first-year return on $65,964 initial cash invested.
6.28%
Cash On Cash
8.86%
Cap Rate
1.37
DSCR
$2,727
Rent
$345
Cashflow
Cash Flow
$2,727 income − $2,382 expenses = $345 cash flow
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,964
Downpayment
20%
$45,680
Closing costs
1%
$2,284
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,727
Total Expenses
$2,382
Mortgage P&I
45%
$1,233
Property Taxes
5%
$140
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300