This property might be a fair Mid-Term investment with a projected 1.1% first-year return on $69,954 initial cash invested.
1.1%
Cash On Cash
7.39%
Cap Rate
1.12
DSCR
$2,544
Rent
$64
Cashflow
Cash Flow
$2,544 income − $2,480 expenses = $64 cash flow
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,954
Downpayment
20%
$49,480
Closing costs
1%
$2,474
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,544
Total Expenses
$2,480
Mortgage P&I
53%
$1,358
Property Taxes
6%
$159
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280