This property might be a fair Mid-Term investment with a projected 2.81% first-year return on $69,576 initial cash invested.
2.81%
Cash On Cash
7.54%
Cap Rate
1.2
DSCR
$2,428
Rent
$163
Cashflow
Cash Flow
$2,428 income − $2,265 expenses = $163 cash flow
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,576
Downpayment
20%
$49,120
Closing costs
1%
$2,456
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,428
Total Expenses
$2,265
Mortgage P&I
53%
$1,283
Property Taxes
3%
$75
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267