This property might be a fair Mid-Term investment with a projected 2.24% first-year return on $66,909 initial cash invested.
2.24%
Cash On Cash
7.82%
Cap Rate
1.17
DSCR
$2,378
Rent
$125
Cashflow
Cash Flow
$2,378 income − $2,253 expenses = $125 cash flow
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,909
Downpayment
20%
$46,580
Closing costs
1%
$2,329
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,378
Total Expenses
$2,253
Mortgage P&I
55%
$1,298
Property Taxes
3%
$61
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262