This property might be a fair Mid-Term investment with a projected 1.97% first-year return on $71,193 initial cash invested.
1.97%
Cash On Cash
7.21%
Cap Rate
1.16
DSCR
$2,457
Rent
$117
Cashflow
Cash Flow
$2,457 income − $2,340 expenses = $117 cash flow
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,193
Downpayment
20%
$50,660
Closing costs
1%
$2,533
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,457
Total Expenses
$2,340
Mortgage P&I
53%
$1,307
Property Taxes
4%
$107
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270