This property might be a fair Mid-Term investment with a projected 7.26% first-year return on $66,321 initial cash invested.
7.26%
Cash On Cash
9.45%
Cap Rate
1.39
DSCR
$2,804
Rent
$401
Cashflow
Cash Flow
$2,804 income − $2,403 expenses = $401 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,321
Downpayment
20%
$46,020
Closing costs
1%
$2,301
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,804
Total Expenses
$2,403
Mortgage P&I
46%
$1,299
Property Taxes
3%
$70
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308