This property might be a fair Mid-Term investment with a projected 6.9% first-year return on $65,250 initial cash invested.
6.9%
Cash On Cash
9.05%
Cap Rate
1.39
DSCR
$2,630
Rent
$375
Cashflow
Cash Flow
$2,630 income − $2,255 expenses = $375 cash flow
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,250
Downpayment
20%
$45,000
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,630
Total Expenses
$2,255
Mortgage P&I
46%
$1,216
Property Taxes
3%
$66
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289