This property might be a fair Mid-Term investment with a projected 3.13% first-year return on $66,300 initial cash invested.
3.13%
Cash On Cash
8%
Cap Rate
1.22
DSCR
$2,679
Rent
$173
Cashflow
Cash Flow
$2,679 income − $2,506 expenses = $173 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,679
Total Expenses
$2,506
Mortgage P&I
47%
$1,253
Property Taxes
10%
$266
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295