This property might be a fair Mid-Term investment with a projected 1.21% first-year return on $69,303 initial cash invested.
1.21%
Cash On Cash
7.64%
Cap Rate
1.13
DSCR
$2,877
Rent
$70
Cashflow
Cash Flow
$2,877 income − $2,807 expenses = $70 cash flow
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,303
Downpayment
20%
$48,860
Closing costs
1%
$2,443
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,877
Total Expenses
$2,807
Mortgage P&I
48%
$1,371
Property Taxes
13%
$365
Home Insurance
3%
$86
HOA
0%
$8
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316