This property might be a fair Mid-Term investment with a projected 4.36% first-year return on $66,300 initial cash invested.
4.36%
Cash On Cash
8.29%
Cap Rate
1.28
DSCR
$2,727
Rent
$241
Cashflow
Cash Flow
$2,727 income − $2,486 expenses = $241 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,727
Total Expenses
$2,486
Mortgage P&I
45%
$1,239
Property Taxes
9%
$240
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300