This property might be a fair Mid-Term investment with a projected 6.51% first-year return on $70,038 initial cash invested.
6.51%
Cash On Cash
9.16%
Cap Rate
1.36
DSCR
$2,916
Rent
$380
Cashflow
Cash Flow
$2,916 income − $2,536 expenses = $380 cash flow
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,038
Downpayment
20%
$49,560
Closing costs
1%
$2,478
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,916
Total Expenses
$2,536
Mortgage P&I
48%
$1,395
Property Taxes
1%
$36
Home Insurance
3%
$96
HOA
1%
$17
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321