This property might be a fair Mid-Term investment with a projected 9.29% first-year return on $64,830 initial cash invested.
9.29%
Cash On Cash
10.07%
Cap Rate
1.5
DSCR
$2,973
Rent
$502
Cashflow
Cash Flow
$2,973 income − $2,471 expenses = $502 cash flow
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,830
Downpayment
20%
$44,600
Closing costs
1%
$2,230
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,973
Total Expenses
$2,471
Mortgage P&I
42%
$1,250
Property Taxes
4%
$132
Home Insurance
3%
$78
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327