This property might be a fair Mid-Term investment with a projected 4.67% first-year return on $69,597 initial cash invested.
4.67%
Cash On Cash
7.95%
Cap Rate
1.31
DSCR
$2,872
Rent
$271
Cashflow
Cash Flow
$2,872 income − $2,601 expenses = $271 cash flow
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,597
Downpayment
20%
$49,140
Closing costs
1%
$2,457
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,872
Total Expenses
$2,601
Mortgage P&I
43%
$1,241
Property Taxes
10%
$294
Home Insurance
3%
$89
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316