This property might be a fair Mid-Term investment with a projected 6.38% first-year return on $65,124 initial cash invested.
6.38%
Cash On Cash
8.91%
Cap Rate
1.38
DSCR
$2,838
Rent
$346
Cashflow
Cash Flow
$2,838 income − $2,492 expenses = $346 cash flow
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,124
Downpayment
20%
$44,880
Closing costs
1%
$2,244
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,838
Total Expenses
$2,492
Mortgage P&I
42%
$1,206
Property Taxes
8%
$236
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$312