This property might be a fair Mid-Term investment with a projected 8.66% first-year return on $66,804 initial cash invested.
8.66%
Cash On Cash
9.58%
Cap Rate
1.48
DSCR
$3,022
Rent
$482
Cashflow
Cash Flow
$3,022 income − $2,540 expenses = $482 cash flow
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,804
Downpayment
20%
$46,480
Closing costs
1%
$2,324
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,022
Total Expenses
$2,540
Mortgage P&I
41%
$1,253
Property Taxes
6%
$175
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332