This property might be a fair Mid-Term investment with a projected 2.69% first-year return on $69,576 initial cash invested.
2.69%
Cash On Cash
7.88%
Cap Rate
1.19
DSCR
$2,468
Rent
$156
Cashflow
Cash Flow
$2,468 income − $2,312 expenses = $156 cash flow
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,576
Downpayment
20%
$49,120
Closing costs
1%
$2,456
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,468
Total Expenses
$2,312
Mortgage P&I
55%
$1,357
Property Taxes
2%
$53
Home Insurance
3%
$63
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271