This property might be a fair Mid-Term investment with a projected 7.07% first-year return on $68,736 initial cash invested.
7.07%
Cash On Cash
9.43%
Cap Rate
1.39
DSCR
$3,189
Rent
$405
Cashflow
Cash Flow
$3,189 income − $2,784 expenses = $405 cash flow
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,736
Downpayment
20%
$48,320
Closing costs
1%
$2,416
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,189
Total Expenses
$2,784
Mortgage P&I
43%
$1,366
Property Taxes
8%
$247
Home Insurance
3%
$85
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351