This property might be a fair Mid-Term investment with a projected 3.15% first-year return on $66,279 initial cash invested.
3.15%
Cash On Cash
8.25%
Cap Rate
1.22
DSCR
$2,847
Rent
$174
Cashflow
Cash Flow
$2,847 income − $2,673 expenses = $174 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,847
Total Expenses
$2,673
Mortgage P&I
45%
$1,292
Property Taxes
12%
$333
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313