This property might be a fair Mid-Term investment with a projected 9.19% first-year return on $66,174 initial cash invested.
9.19%
Cash On Cash
10.03%
Cap Rate
1.49
DSCR
$3,182
Rent
$507
Cashflow
Cash Flow
$3,182 income − $2,675 expenses = $507 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,174
Downpayment
20%
$45,880
Closing costs
1%
$2,294
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,182
Total Expenses
$2,675
Mortgage P&I
40%
$1,283
Property Taxes
7%
$231
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$350