This property might be a fair Mid-Term investment with a projected 2.14% first-year return on $70,004 initial cash invested.
2.14%
Cash On Cash
7.62%
Cap Rate
1.17
DSCR
$2,498
Rent
$125
Cashflow
Cash Flow
$2,498 income − $2,373 expenses = $125 cash flow
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,004
Downpayment
20%
$49,528
Closing costs
1%
$2,476
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,498
Total Expenses
$2,373
Mortgage P&I
54%
$1,347
Property Taxes
4%
$89
Home Insurance
3%
$87
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275