This property might be a fair Mid-Term investment with a projected 6.9% first-year return on $67,350 initial cash invested.
6.9%
Cash On Cash
9.14%
Cap Rate
1.4
DSCR
$2,992
Rent
$387
Cashflow
Cash Flow
$2,992 income − $2,605 expenses = $387 cash flow
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,992
Total Expenses
$2,605
Mortgage P&I
43%
$1,282
Property Taxes
7%
$223
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329