This property might be a fair Mid-Term investment with a projected 2.85% first-year return on $67,350 initial cash invested.
2.85%
Cash On Cash
7.96%
Cap Rate
1.2
DSCR
$2,528
Rent
$160
Cashflow
Cash Flow
$2,528 income − $2,368 expenses = $160 cash flow
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,528
Total Expenses
$2,368
Mortgage P&I
51%
$1,298
Property Taxes
5%
$129
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278