This property might be a fair Mid-Term investment with a projected 5.01% first-year return on $66,615 initial cash invested.
5.01%
Cash On Cash
8.68%
Cap Rate
1.3
DSCR
$2,652
Rent
$278
Cashflow
Cash Flow
$2,652 income − $2,374 expenses = $278 cash flow
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,615
Downpayment
20%
$46,300
Closing costs
1%
$2,315
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,652
Total Expenses
$2,374
Mortgage P&I
49%
$1,290
Property Taxes
4%
$100
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292