This property might be a fair Mid-Term investment with a projected 8.71% first-year return on $67,350 initial cash invested.
8.71%
Cash On Cash
9.71%
Cap Rate
1.47
DSCR
$2,986
Rent
$489
Cashflow
Cash Flow
$2,986 income − $2,497 expenses = $489 cash flow
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,986
Total Expenses
$2,497
Mortgage P&I
43%
$1,294
Property Taxes
4%
$107
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328