This property might be a fair Mid-Term investment with a projected 5.97% first-year return on $64,872 initial cash invested.
5.97%
Cash On Cash
9.04%
Cap Rate
1.37
DSCR
$3,206
Rent
$323
Cashflow
Cash Flow
$3,206 income − $2,883 expenses = $323 cash flow
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,872
Downpayment
20%
$44,640
Closing costs
1%
$2,232
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,206
Total Expenses
$2,883
Mortgage P&I
38%
$1,231
Property Taxes
15%
$483
Home Insurance
2%
$79
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353