This property might be a fair Mid-Term investment with a projected 3.15% first-year return on $67,350 initial cash invested.
3.15%
Cash On Cash
7.83%
Cap Rate
1.22
DSCR
$2,450
Rent
$177
Cashflow
Cash Flow
$2,450 income − $2,273 expenses = $177 cash flow
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,450
Total Expenses
$2,273
Mortgage P&I
51%
$1,259
Property Taxes
4%
$98
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270