This property might be a fair Mid-Term investment with a projected 1.97% first-year return on $69,450 initial cash invested.
1.97%
Cash On Cash
7.69%
Cap Rate
1.16
DSCR
$2,469
Rent
$114
Cashflow
Cash Flow
$2,469 income − $2,355 expenses = $114 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,469
Total Expenses
$2,355
Mortgage P&I
55%
$1,357
Property Taxes
3%
$72
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272