This property might be a fair Mid-Term investment with a projected 7.46% first-year return on $69,450 initial cash invested.
7.46%
Cash On Cash
9.5%
Cap Rate
1.4
DSCR
$2,943
Rent
$432
Cashflow
Cash Flow
$2,943 income − $2,511 expenses = $432 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,943
Total Expenses
$2,511
Mortgage P&I
47%
$1,390
Property Taxes
1%
$34
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324