This property might be a fair Mid-Term investment with a projected 6.85% first-year return on $70,101 initial cash invested.
6.85%
Cash On Cash
8.99%
Cap Rate
1.38
DSCR
$2,906
Rent
$400
Cashflow
Cash Flow
$2,906 income − $2,506 expenses = $400 cash flow
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,101
Downpayment
20%
$49,620
Closing costs
1%
$2,481
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,906
Total Expenses
$2,506
Mortgage P&I
46%
$1,343
Property Taxes
3%
$87
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320