This property might be a fair Mid-Term investment with a projected 4.7% first-year return on $66,363 initial cash invested.
4.7%
Cash On Cash
8.38%
Cap Rate
1.3
DSCR
$2,720
Rent
$260
Cashflow
Cash Flow
$2,720 income − $2,460 expenses = $260 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,363
Downpayment
20%
$46,060
Closing costs
1%
$2,303
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,720
Total Expenses
$2,460
Mortgage P&I
46%
$1,240
Property Taxes
8%
$215
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299