This property might be a fair Mid-Term investment with a projected 6.78% first-year return on $69,555 initial cash invested.
6.78%
Cash On Cash
9.03%
Cap Rate
1.39
DSCR
$3,022
Rent
$393
Cashflow
Cash Flow
$3,022 income − $2,629 expenses = $393 cash flow
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,555
Downpayment
20%
$49,100
Closing costs
1%
$2,455
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,022
Total Expenses
$2,629
Mortgage P&I
44%
$1,333
Property Taxes
6%
$180
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332