This property might be a fair Mid-Term investment with a projected 3.1% first-year return on $69,009 initial cash invested.
3.1%
Cash On Cash
7.81%
Cap Rate
1.22
DSCR
$2,598
Rent
$178
Cashflow
Cash Flow
$2,598 income − $2,420 expenses = $178 cash flow
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,009
Downpayment
20%
$48,580
Closing costs
1%
$2,429
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,598
Total Expenses
$2,420
Mortgage P&I
50%
$1,298
Property Taxes
6%
$153
Home Insurance
3%
$85
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286