This property might be a fair Mid-Term investment with a projected 3.57% first-year return on $66,468 initial cash invested.
3.57%
Cash On Cash
8.21%
Cap Rate
1.23
DSCR
$2,547
Rent
$198
Cashflow
Cash Flow
$2,547 income − $2,349 expenses = $198 cash flow
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,468
Downpayment
20%
$46,160
Closing costs
1%
$2,308
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,547
Total Expenses
$2,349
Mortgage P&I
50%
$1,279
Property Taxes
6%
$144
Home Insurance
2%
$60
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280