This property might be a fair Mid-Term investment with a projected 6.7% first-year return on $72,390 initial cash invested.
6.7%
Cash On Cash
8.83%
Cap Rate
1.38
DSCR
$2,896
Rent
$404
Cashflow
Cash Flow
$2,896 income − $2,492 expenses = $404 cash flow
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,390
Downpayment
20%
$51,800
Closing costs
1%
$2,590
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,896
Total Expenses
$2,492
Mortgage P&I
48%
$1,385
Property Taxes
1%
$30
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319