This property might be a fair Mid-Term investment with a projected 0.7% first-year return on $70,290 initial cash invested.
0.7%
Cash On Cash
7.38%
Cap Rate
1.1
DSCR
$2,420
Rent
$41
Cashflow
Cash Flow
$2,420 income − $2,379 expenses = $41 cash flow
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,420
Total Expenses
$2,379
Mortgage P&I
58%
$1,393
Property Taxes
3%
$76
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$266