This property might be a fair Mid-Term investment with a projected 6.95% first-year return on $69,450 initial cash invested.
6.95%
Cash On Cash
9.09%
Cap Rate
1.4
DSCR
$3,285
Rent
$402
Cashflow
Cash Flow
$3,285 income − $2,883 expenses = $402 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,285
Total Expenses
$2,883
Mortgage P&I
40%
$1,322
Property Taxes
11%
$359
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361