This property might be a fair Mid-Term investment with a projected 7.68% first-year return on $69,198 initial cash invested.
7.68%
Cash On Cash
9.23%
Cap Rate
1.43
DSCR
$2,946
Rent
$443
Cashflow
Cash Flow
$2,946 income − $2,503 expenses = $443 cash flow
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,198
Downpayment
20%
$48,760
Closing costs
1%
$2,438
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,946
Total Expenses
$2,503
Mortgage P&I
45%
$1,314
Property Taxes
3%
$99
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324