This property might be a fair Mid-Term investment with a projected 5.62% first-year return on $69,177 initial cash invested.
5.62%
Cash On Cash
8.28%
Cap Rate
1.35
DSCR
$2,826
Rent
$324
Cashflow
Cash Flow
$2,826 income − $2,502 expenses = $324 cash flow
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,177
Downpayment
20%
$48,740
Closing costs
1%
$2,437
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,826
Total Expenses
$2,502
Mortgage P&I
44%
$1,244
Property Taxes
7%
$199
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311