This property might be a fair Mid-Term investment with a projected 1.09% first-year return on $66,090 initial cash invested.
1.09%
Cash On Cash
7.35%
Cap Rate
1.13
DSCR
$2,424
Rent
$60
Cashflow
Cash Flow
$2,424 income − $2,364 expenses = $60 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,424
Total Expenses
$2,364
Mortgage P&I
51%
$1,246
Property Taxes
9%
$213
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267