This property might be a fair Mid-Term investment with a projected 1.29% first-year return on $65,901 initial cash invested.
1.29%
Cash On Cash
7.15%
Cap Rate
1.14
DSCR
$2,364
Rent
$71
Cashflow
Cash Flow
$2,364 income − $2,293 expenses = $71 cash flow
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,901
Downpayment
20%
$45,620
Closing costs
1%
$2,281
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,364
Total Expenses
$2,293
Mortgage P&I
51%
$1,194
Property Taxes
9%
$214
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$284
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$260