This property might be a fair Mid-Term investment with a projected 1.29% first-year return on $69,639 initial cash invested.
1.29%
Cash On Cash
7.61%
Cap Rate
1.13
DSCR
$2,608
Rent
$75
Cashflow
Cash Flow
$2,608 income − $2,533 expenses = $75 cash flow
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,639
Downpayment
20%
$49,180
Closing costs
1%
$2,459
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,608
Total Expenses
$2,533
Mortgage P&I
53%
$1,381
Property Taxes
7%
$180
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287