This property might be a fair Mid-Term investment with a projected 4.76% first-year return on $70,122 initial cash invested.
4.76%
Cash On Cash
8.57%
Cap Rate
1.28
DSCR
$2,886
Rent
$278
Cashflow
Cash Flow
$2,886 income − $2,608 expenses = $278 cash flow
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,122
Downpayment
20%
$49,640
Closing costs
1%
$2,482
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,886
Total Expenses
$2,608
Mortgage P&I
48%
$1,380
Property Taxes
5%
$143
Home Insurance
3%
$88
HOA
1%
$17
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$87
Maintenance
4%
$115
Other
11%
$317