This property might be a fair Mid-Term investment with a projected 3% first-year return on $66,090 initial cash invested.
3%
Cash On Cash
8%
Cap Rate
1.21
DSCR
$2,400
Rent
$165
Cashflow
Cash Flow
$2,400 income − $2,235 expenses = $165 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,400
Total Expenses
$2,235
Mortgage P&I
53%
$1,265
Property Taxes
3%
$74
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264