This property might be a fair Mid-Term investment with a projected 3.05% first-year return on $67,707 initial cash invested.
3.05%
Cash On Cash
8.15%
Cap Rate
1.21
DSCR
$2,614
Rent
$172
Cashflow
Cash Flow
$2,614 income − $2,442 expenses = $172 cash flow
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,707
Downpayment
20%
$47,340
Closing costs
1%
$2,367
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,614
Total Expenses
$2,442
Mortgage P&I
51%
$1,330
Property Taxes
5%
$138
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$78
Maintenance
4%
$105
Other
11%
$288