This property might be a fair Mid-Term investment with a projected 8.33% first-year return on $71,298 initial cash invested.
8.33%
Cash On Cash
9.39%
Cap Rate
1.45
DSCR
$3,044
Rent
$495
Cashflow
Cash Flow
$3,044 income − $2,549 expenses = $495 cash flow
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,298
Downpayment
20%
$50,760
Closing costs
1%
$2,538
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,044
Total Expenses
$2,549
Mortgage P&I
45%
$1,370
Property Taxes
2%
$53
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335