This property might be a fair Mid-Term investment with a projected 5.05% first-year return on $69,198 initial cash invested.
5.05%
Cash On Cash
8.52%
Cap Rate
1.31
DSCR
$2,934
Rent
$291
Cashflow
Cash Flow
$2,934 income − $2,643 expenses = $291 cash flow
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,198
Downpayment
20%
$48,760
Closing costs
1%
$2,438
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,934
Total Expenses
$2,643
Mortgage P&I
45%
$1,323
Property Taxes
9%
$253
Home Insurance
2%
$70
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323