This property might be a fair Mid-Term investment with a projected 7.24% first-year return on $69,975 initial cash invested.
7.24%
Cash On Cash
9.69%
Cap Rate
1.42
DSCR
$4,242
Rent
$422
Cashflow
Cash Flow
$4,242 income − $3,820 expenses = $422 cash flow
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,975
Downpayment
20%
$49,500
Closing costs
1%
$2,475
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$4,242
Total Expenses
$3,820
Mortgage P&I
33%
$1,407
Property Taxes
21%
$882
Home Insurance
2%
$88
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467