This property might be a fair Mid-Term investment with a projected 5.16% first-year return on $65,523 initial cash invested.
5.16%
Cash On Cash
8.65%
Cap Rate
1.31
DSCR
$2,510
Rent
$282
Cashflow
Cash Flow
$2,510 income − $2,228 expenses = $282 cash flow
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,523
Downpayment
20%
$45,260
Closing costs
1%
$2,263
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,510
Total Expenses
$2,228
Mortgage P&I
50%
$1,250
Property Taxes
2%
$46
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276