This property might be a fair Mid-Term investment with a projected 2.55% first-year return on $71,151 initial cash invested.
2.55%
Cash On Cash
7.89%
Cap Rate
1.18
DSCR
$2,622
Rent
$151
Cashflow
Cash Flow
$2,622 income − $2,471 expenses = $151 cash flow
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,151
Downpayment
20%
$50,620
Closing costs
1%
$2,531
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,622
Total Expenses
$2,471
Mortgage P&I
54%
$1,408
Property Taxes
3%
$82
Home Insurance
3%
$89
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288