This property might be a fair Mid-Term investment with a projected 3.14% first-year return on $70,290 initial cash invested.
3.14%
Cash On Cash
8.25%
Cap Rate
1.22
DSCR
$3,178
Rent
$184
Cashflow
Cash Flow
$3,178 income − $2,994 expenses = $184 cash flow
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,178
Total Expenses
$2,994
Mortgage P&I
44%
$1,401
Property Taxes
13%
$426
Home Insurance
3%
$87
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$350