This property might be a fair Mid-Term investment with a projected 9.36% first-year return on $66,279 initial cash invested.
9.36%
Cash On Cash
10.02%
Cap Rate
1.5
DSCR
$3,027
Rent
$517
Cashflow
Cash Flow
$3,027 income − $2,510 expenses = $517 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,027
Total Expenses
$2,510
Mortgage P&I
42%
$1,282
Property Taxes
4%
$119
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333