This property might be a fair Mid-Term investment with a projected 4.28% first-year return on $68,757 initial cash invested.
4.28%
Cash On Cash
8.3%
Cap Rate
1.28
DSCR
$2,896
Rent
$245
Cashflow
Cash Flow
$2,896 income − $2,651 expenses = $245 cash flow
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,757
Downpayment
20%
$48,340
Closing costs
1%
$2,417
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,896
Total Expenses
$2,651
Mortgage P&I
45%
$1,311
Property Taxes
7%
$193
Home Insurance
3%
$93
HOA
2%
$68
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319