This property might be a fair Mid-Term investment with a projected 1.28% first-year return on $69,324 initial cash invested.
1.28%
Cash On Cash
7.64%
Cap Rate
1.12
DSCR
$2,464
Rent
$74
Cashflow
Cash Flow
$2,464 income − $2,390 expenses = $74 cash flow
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,324
Downpayment
20%
$48,880
Closing costs
1%
$2,444
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,464
Total Expenses
$2,390
Mortgage P&I
56%
$1,384
Property Taxes
3%
$79
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271