This property might be a fair Mid-Term investment with a projected 2.66% first-year return on $67,140 initial cash invested.
2.66%
Cash On Cash
7.76%
Cap Rate
1.2
DSCR
$2,524
Rent
$149
Cashflow
Cash Flow
$2,524 income − $2,375 expenses = $149 cash flow
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,140
Downpayment
20%
$46,800
Closing costs
1%
$2,340
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,524
Total Expenses
$2,375
Mortgage P&I
50%
$1,263
Property Taxes
7%
$171
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278