This property might be a fair Mid-Term investment with a projected 9.25% first-year return on $70,290 initial cash invested.
9.25%
Cash On Cash
9.67%
Cap Rate
1.5
DSCR
$3,172
Rent
$542
Cashflow
Cash Flow
$3,172 income − $2,630 expenses = $542 cash flow
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,172
Total Expenses
$2,630
Mortgage P&I
42%
$1,338
Property Taxes
4%
$126
Home Insurance
3%
$87
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349