This property might be a fair Mid-Term investment with a projected 3.57% first-year return on $66,888 initial cash invested.
3.57%
Cash On Cash
8.2%
Cap Rate
1.24
DSCR
$2,646
Rent
$199
Cashflow
Cash Flow
$2,646 income − $2,447 expenses = $199 cash flow
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,888
Downpayment
20%
$46,560
Closing costs
1%
$2,328
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,646
Total Expenses
$2,447
Mortgage P&I
49%
$1,286
Property Taxes
7%
$198
Home Insurance
2%
$63
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291