This property might be a fair Mid-Term investment with a projected 2.23% first-year return on $66,846 initial cash invested.
2.23%
Cash On Cash
7.9%
Cap Rate
1.17
DSCR
$2,487
Rent
$124
Cashflow
Cash Flow
$2,487 income − $2,363 expenses = $124 cash flow
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,846
Downpayment
20%
$46,520
Closing costs
1%
$2,326
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,487
Total Expenses
$2,363
Mortgage P&I
53%
$1,308
Property Taxes
5%
$126
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$274