This property might be a fair Mid-Term investment with a projected 6.08% first-year return on $70,878 initial cash invested.
6.08%
Cash On Cash
8.84%
Cap Rate
1.34
DSCR
$2,895
Rent
$359
Cashflow
Cash Flow
$2,895 income − $2,536 expenses = $359 cash flow
Investment Breakdown
|
Purchase Price
$252k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,878
Downpayment
20%
$50,360
Closing costs
1%
$2,518
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,895
Total Expenses
$2,536
Mortgage P&I
48%
$1,380
Property Taxes
2%
$61
Home Insurance
3%
$89
HOA
1%
$22
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318