This property might be a fair Mid-Term investment with a projected 1.96% first-year return on $70,290 initial cash invested.
1.96%
Cash On Cash
7.78%
Cap Rate
1.16
DSCR
$2,654
Rent
$115
Cashflow
Cash Flow
$2,654 income − $2,539 expenses = $115 cash flow
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,654
Total Expenses
$2,539
Mortgage P&I
52%
$1,393
Property Taxes
6%
$157
Home Insurance
3%
$87
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292