This property might be a fair Mid-Term investment with a projected 6.91% first-year return on $70,500 initial cash invested.
6.91%
Cash On Cash
9.36%
Cap Rate
1.37
DSCR
$2,970
Rent
$406
Cashflow
Cash Flow
$2,970 income − $2,564 expenses = $406 cash flow
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,500
Downpayment
20%
$50,000
Closing costs
1%
$2,500
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,970
Total Expenses
$2,564
Mortgage P&I
48%
$1,424
Property Taxes
1%
$42
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327