This property might be a fair Mid-Term investment with a projected 6.96% first-year return on $70,185 initial cash invested.
6.96%
Cash On Cash
9.01%
Cap Rate
1.39
DSCR
$2,978
Rent
$407
Cashflow
Cash Flow
$2,978 income − $2,571 expenses = $407 cash flow
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,185
Downpayment
20%
$49,700
Closing costs
1%
$2,485
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,978
Total Expenses
$2,571
Mortgage P&I
45%
$1,339
Property Taxes
4%
$132
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328