This property might be a fair Mid-Term investment with a projected 5.85% first-year return on $70,185 initial cash invested.
5.85%
Cash On Cash
8.95%
Cap Rate
1.35
DSCR
$3,464
Rent
$342
Cashflow
Cash Flow
$3,464 income − $3,122 expenses = $342 cash flow
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,185
Downpayment
20%
$49,700
Closing costs
1%
$2,485
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,464
Total Expenses
$3,122
Mortgage P&I
40%
$1,373
Property Taxes
14%
$483
Home Insurance
3%
$87
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381