This property might be a fair Mid-Term investment with a projected 2.03% first-year return on $66,069 initial cash invested.
2.03%
Cash On Cash
7.93%
Cap Rate
1.17
DSCR
$2,589
Rent
$112
Cashflow
Cash Flow
$2,589 income − $2,477 expenses = $112 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,069
Downpayment
20%
$45,780
Closing costs
1%
$2,289
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,589
Total Expenses
$2,477
Mortgage P&I
50%
$1,296
Property Taxes
8%
$219
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285