This property might be a fair Mid-Term investment with a projected 1.84% first-year return on $66,447 initial cash invested.
1.84%
Cash On Cash
7.44%
Cap Rate
1.16
DSCR
$2,440
Rent
$102
Cashflow
Cash Flow
$2,440 income − $2,338 expenses = $102 cash flow
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,447
Downpayment
20%
$46,140
Closing costs
1%
$2,307
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,440
Total Expenses
$2,338
Mortgage P&I
50%
$1,230
Property Taxes
8%
$194
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268