This property might be a fair Mid-Term investment with a projected 5.04% first-year return on $71,214 initial cash invested.
5.04%
Cash On Cash
8.67%
Cap Rate
1.29
DSCR
$2,853
Rent
$299
Cashflow
Cash Flow
$2,853 income − $2,554 expenses = $299 cash flow
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,214
Downpayment
20%
$50,680
Closing costs
1%
$2,534
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,853
Total Expenses
$2,554
Mortgage P&I
50%
$1,417
Property Taxes
3%
$76
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314