This property might be a fair Mid-Term investment with a projected 2.4% first-year return on $70,479 initial cash invested.
2.4%
Cash On Cash
7.86%
Cap Rate
1.18
DSCR
$2,800
Rent
$141
Cashflow
Cash Flow
$2,800 income − $2,659 expenses = $141 cash flow
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,479
Downpayment
20%
$49,980
Closing costs
1%
$2,499
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,800
Total Expenses
$2,659
Mortgage P&I
49%
$1,384
Property Taxes
8%
$235
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308