This property might be a fair Mid-Term investment with a projected 2.23% first-year return on $66,279 initial cash invested.
2.23%
Cash On Cash
7.71%
Cap Rate
1.18
DSCR
$2,616
Rent
$123
Cashflow
Cash Flow
$2,616 income − $2,493 expenses = $123 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,616
Total Expenses
$2,493
Mortgage P&I
48%
$1,249
Property Taxes
10%
$274
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$78
Maintenance
4%
$105
Other
11%
$288