This property might be a fair Mid-Term investment with a projected 8.31% first-year return on $68,190 initial cash invested.
8.31%
Cash On Cash
9.5%
Cap Rate
1.45
DSCR
$2,934
Rent
$472
Cashflow
Cash Flow
$2,934 income − $2,462 expenses = $472 cash flow
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,934
Total Expenses
$2,462
Mortgage P&I
44%
$1,304
Property Taxes
3%
$79
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323