This property might be a fair Mid-Term investment with a projected 3.77% first-year return on $70,290 initial cash invested.
3.77%
Cash On Cash
8.34%
Cap Rate
1.24
DSCR
$2,772
Rent
$221
Cashflow
Cash Flow
$2,772 income − $2,551 expenses = $221 cash flow
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,772
Total Expenses
$2,551
Mortgage P&I
50%
$1,399
Property Taxes
4%
$122
Home Insurance
3%
$87
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305