This property might be a fair Mid-Term investment with a projected 7.91% first-year return on $66,279 initial cash invested.
7.91%
Cash On Cash
9.43%
Cap Rate
1.44
DSCR
$2,940
Rent
$437
Cashflow
Cash Flow
$2,940 income − $2,503 expenses = $437 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,940
Total Expenses
$2,503
Mortgage P&I
43%
$1,252
Property Taxes
6%
$171
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$323