This property might be a fair Mid-Term investment with a projected 7.82% first-year return on $66,006 initial cash invested.
7.82%
Cash On Cash
9.59%
Cap Rate
1.43
DSCR
$2,895
Rent
$430
Cashflow
Cash Flow
$2,895 income − $2,465 expenses = $430 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,006
Downpayment
20%
$45,720
Closing costs
1%
$2,286
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,895
Total Expenses
$2,465
Mortgage P&I
44%
$1,280
Property Taxes
4%
$124
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318