This property might be a fair Mid-Term investment with a projected 2.95% first-year return on $70,059 initial cash invested.
2.95%
Cash On Cash
8.07%
Cap Rate
1.21
DSCR
$2,877
Rent
$172
Cashflow
Cash Flow
$2,877 income − $2,705 expenses = $172 cash flow
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,877
Total Expenses
$2,705
Mortgage P&I
48%
$1,380
Property Taxes
9%
$260
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316