This property might be a fair Mid-Term investment with a projected 2.97% first-year return on $71,172 initial cash invested.
2.97%
Cash On Cash
7.97%
Cap Rate
1.21
DSCR
$2,799
Rent
$176
Cashflow
Cash Flow
$2,799 income − $2,623 expenses = $176 cash flow
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,172
Downpayment
20%
$50,640
Closing costs
1%
$2,532
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,799
Total Expenses
$2,623
Mortgage P&I
50%
$1,394
Property Taxes
7%
$186
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308