This property might be a fair Mid-Term investment with a projected 2.24% first-year return on $70,080 initial cash invested.
2.24%
Cash On Cash
7.97%
Cap Rate
1.17
DSCR
$2,808
Rent
$131
Cashflow
Cash Flow
$2,808 income − $2,677 expenses = $131 cash flow
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,080
Downpayment
20%
$49,600
Closing costs
1%
$2,480
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,808
Total Expenses
$2,677
Mortgage P&I
50%
$1,404
Property Taxes
8%
$215
Home Insurance
3%
$87
HOA
1%
$17
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309