This property might be a fair Mid-Term investment with a projected 8.22% first-year return on $69,450 initial cash invested.
8.22%
Cash On Cash
9.16%
Cap Rate
1.46
DSCR
$2,850
Rent
$476
Cashflow
Cash Flow
$2,850 income − $2,374 expenses = $476 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,850
Total Expenses
$2,374
Mortgage P&I
45%
$1,280
Property Taxes
1%
$38
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314