This property might be a fair Mid-Term investment with a projected 7.16% first-year return on $69,912 initial cash invested.
7.16%
Cash On Cash
8.96%
Cap Rate
1.41
DSCR
$2,888
Rent
$417
Cashflow
Cash Flow
$2,888 income − $2,471 expenses = $417 cash flow
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,912
Downpayment
20%
$49,440
Closing costs
1%
$2,472
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,888
Total Expenses
$2,471
Mortgage P&I
45%
$1,313
Property Taxes
4%
$128
Home Insurance
2%
$46
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318