This property might be a fair Mid-Term investment with a projected 5.01% first-year return on $69,996 initial cash invested.
5.01%
Cash On Cash
8.7%
Cap Rate
1.32
DSCR
$3,438
Rent
$292
Cashflow
Cash Flow
$3,438 income − $3,146 expenses = $292 cash flow
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,996
Downpayment
20%
$49,520
Closing costs
1%
$2,476
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,438
Total Expenses
$3,146
Mortgage P&I
40%
$1,365
Property Taxes
15%
$523
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$378