This property might be a fair Mid-Term investment with a projected 3.9% first-year return on $71,340 initial cash invested.
3.9%
Cash On Cash
8.39%
Cap Rate
1.25
DSCR
$2,996
Rent
$232
Cashflow
Cash Flow
$2,996 income − $2,764 expenses = $232 cash flow
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,340
Downpayment
20%
$50,800
Closing costs
1%
$2,540
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,996
Total Expenses
$2,764
Mortgage P&I
48%
$1,423
Property Taxes
8%
$232
Home Insurance
3%
$89
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330