This property might be a fair Mid-Term investment with a projected 9.39% first-year return on $65,061 initial cash invested.
9.39%
Cash On Cash
10%
Cap Rate
1.51
DSCR
$2,997
Rent
$509
Cashflow
Cash Flow
$2,997 income − $2,488 expenses = $509 cash flow
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,061
Downpayment
20%
$44,820
Closing costs
1%
$2,241
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,997
Total Expenses
$2,488
Mortgage P&I
41%
$1,238
Property Taxes
5%
$151
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330