This property might be a fair Mid-Term investment with a projected 8.99% first-year return on $70,311 initial cash invested.
8.99%
Cash On Cash
9.38%
Cap Rate
1.51
DSCR
$3,207
Rent
$527
Cashflow
Cash Flow
$3,207 income − $2,680 expenses = $527 cash flow
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,311
Downpayment
20%
$49,820
Closing costs
1%
$2,491
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,207
Total Expenses
$2,680
Mortgage P&I
40%
$1,293
Property Taxes
7%
$213
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353