This property might be a fair Mid-Term investment with a projected 5.77% first-year return on $66,321 initial cash invested.
5.77%
Cash On Cash
8.59%
Cap Rate
1.36
DSCR
$3,015
Rent
$319
Cashflow
Cash Flow
$3,015 income − $2,696 expenses = $319 cash flow
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,321
Downpayment
20%
$46,020
Closing costs
1%
$2,301
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,015
Total Expenses
$2,696
Mortgage P&I
40%
$1,208
Property Taxes
13%
$392
Home Insurance
2%
$70
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332