This property might be a fair Mid-Term investment with a projected 3.05% first-year return on $69,702 initial cash invested.
3.05%
Cash On Cash
7.86%
Cap Rate
1.23
DSCR
$3,034
Rent
$177
Cashflow
Cash Flow
$3,034 income − $2,857 expenses = $177 cash flow
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,702
Downpayment
20%
$49,240
Closing costs
1%
$2,462
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,034
Total Expenses
$2,857
Mortgage P&I
43%
$1,314
Property Taxes
10%
$312
Home Insurance
3%
$100
HOA
3%
$100
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334