This property might be a fair Mid-Term investment with a projected 2.97% first-year return on $69,450 initial cash invested.
2.97%
Cash On Cash
7.9%
Cap Rate
1.21
DSCR
$2,618
Rent
$172
Cashflow
Cash Flow
$2,618 income − $2,446 expenses = $172 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,618
Total Expenses
$2,446
Mortgage P&I
51%
$1,335
Property Taxes
5%
$134
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288