This property might be a fair Mid-Term investment with a projected 7.13% first-year return on $70,500 initial cash invested.
7.13%
Cash On Cash
8.85%
Cap Rate
1.41
DSCR
$2,984
Rent
$419
Cashflow
Cash Flow
$2,984 income − $2,565 expenses = $419 cash flow
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,500
Downpayment
20%
$50,000
Closing costs
1%
$2,500
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,984
Total Expenses
$2,565
Mortgage P&I
44%
$1,305
Property Taxes
4%
$133
Home Insurance
3%
$88
HOA
1%
$25
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328