This property might be a fair Mid-Term investment with a projected 5.65% first-year return on $68,190 initial cash invested.
5.65%
Cash On Cash
8.95%
Cap Rate
1.33
DSCR
$2,932
Rent
$321
Cashflow
Cash Flow
$2,932 income − $2,611 expenses = $321 cash flow
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,932
Total Expenses
$2,611
Mortgage P&I
46%
$1,345
Property Taxes
6%
$185
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323