This property might be a fair Mid-Term investment with a projected 8.66% first-year return on $69,450 initial cash invested.
8.66%
Cash On Cash
10%
Cap Rate
1.47
DSCR
$3,712
Rent
$501
Cashflow
Cash Flow
$3,712 income − $3,211 expenses = $501 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,712
Total Expenses
$3,211
Mortgage P&I
38%
$1,393
Property Taxes
9%
$344
Home Insurance
2%
$86
HOA
3%
$128
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408