This property might be a fair Mid-Term investment with a projected 10% first-year return on $70,227 initial cash invested.
10%
Cash On Cash
10.03%
Cap Rate
1.53
DSCR
$3,464
Rent
$585
Cashflow
Cash Flow
$3,464 income − $2,879 expenses = $585 cash flow
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,227
Downpayment
20%
$49,740
Closing costs
1%
$2,487
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,464
Total Expenses
$2,879
Mortgage P&I
39%
$1,354
Property Taxes
7%
$255
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381