This property might be a fair Mid-Term investment with a projected 3.37% first-year return on $66,153 initial cash invested.
3.37%
Cash On Cash
7.57%
Cap Rate
1.24
DSCR
$2,450
Rent
$186
Cashflow
Cash Flow
$2,450 income − $2,264 expenses = $186 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,153
Downpayment
20%
$45,860
Closing costs
1%
$2,293
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,450
Total Expenses
$2,264
Mortgage P&I
47%
$1,163
Property Taxes
7%
$160
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270