This property might be a fair Mid-Term investment with a projected 8.6% first-year return on $65,691 initial cash invested.
8.6%
Cash On Cash
9.52%
Cap Rate
1.49
DSCR
$3,040
Rent
$471
Cashflow
Cash Flow
$3,040 income − $2,569 expenses = $471 cash flow
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,691
Downpayment
20%
$45,420
Closing costs
1%
$2,271
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,040
Total Expenses
$2,569
Mortgage P&I
40%
$1,209
Property Taxes
8%
$246
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$334