This property might be a fair Mid-Term investment with a projected 3.78% first-year return on $71,445 initial cash invested.
3.78%
Cash On Cash
8.22%
Cap Rate
1.24
DSCR
$2,838
Rent
$225
Cashflow
Cash Flow
$2,838 income − $2,613 expenses = $225 cash flow
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,445
Downpayment
20%
$50,900
Closing costs
1%
$2,545
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,838
Total Expenses
$2,613
Mortgage P&I
49%
$1,404
Property Taxes
5%
$146
Home Insurance
2%
$64
HOA
1%
$33
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$312