This property might be a fair Mid-Term investment with a projected 3.48% first-year return on $65,103 initial cash invested.
3.48%
Cash On Cash
7.75%
Cap Rate
1.24
DSCR
$2,390
Rent
$189
Cashflow
Cash Flow
$2,390 income − $2,201 expenses = $189 cash flow
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,103
Downpayment
20%
$44,860
Closing costs
1%
$2,243
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,390
Total Expenses
$2,201
Mortgage P&I
49%
$1,164
Property Taxes
6%
$143
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263