This property might be a fair Mid-Term investment with a projected 2.35% first-year return on $70,059 initial cash invested.
2.35%
Cash On Cash
7.72%
Cap Rate
1.18
DSCR
$2,618
Rent
$137
Cashflow
Cash Flow
$2,618 income − $2,481 expenses = $137 cash flow
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,059
Downpayment
20%
$49,580
Closing costs
1%
$2,479
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,618
Total Expenses
$2,481
Mortgage P&I
52%
$1,353
Property Taxes
6%
$149
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288