This property might be a fair Mid-Term investment with a projected 1.95% first-year return on $69,555 initial cash invested.
1.95%
Cash On Cash
7.7%
Cap Rate
1.16
DSCR
$2,532
Rent
$113
Cashflow
Cash Flow
$2,532 income − $2,419 expenses = $113 cash flow
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,555
Downpayment
20%
$49,100
Closing costs
1%
$2,455
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,532
Total Expenses
$2,419
Mortgage P&I
54%
$1,362
Property Taxes
4%
$108
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279