This property might be a fair Mid-Term investment with a projected 6.27% first-year return on $66,174 initial cash invested.
6.27%
Cash On Cash
8.97%
Cap Rate
1.39
DSCR
$3,315
Rent
$346
Cashflow
Cash Flow
$3,315 income − $2,969 expenses = $346 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,174
Downpayment
20%
$45,880
Closing costs
1%
$2,294
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$3,315
Total Expenses
$2,969
Mortgage P&I
37%
$1,236
Property Taxes
17%
$553
Home Insurance
2%
$52
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365