This property might be a fair Mid-Term investment with a projected 3.15% first-year return on $67,770 initial cash invested.
3.15%
Cash On Cash
8.16%
Cap Rate
1.21
DSCR
$2,553
Rent
$178
Cashflow
Cash Flow
$2,553 income − $2,375 expenses = $178 cash flow
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,770
Downpayment
20%
$47,400
Closing costs
1%
$2,370
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,553
Total Expenses
$2,375
Mortgage P&I
52%
$1,332
Property Taxes
4%
$91
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281