This property might be a fair Mid-Term investment with a projected 5.97% first-year return on $66,762 initial cash invested.
5.97%
Cash On Cash
8.88%
Cap Rate
1.35
DSCR
$2,913
Rent
$332
Cashflow
Cash Flow
$2,913 income − $2,581 expenses = $332 cash flow
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,762
Downpayment
20%
$46,440
Closing costs
1%
$2,322
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,913
Total Expenses
$2,581
Mortgage P&I
44%
$1,269
Property Taxes
8%
$235
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$320