This property might be a fair Mid-Term investment with a projected 5.24% first-year return on $69,870 initial cash invested.
5.24%
Cash On Cash
8.36%
Cap Rate
1.33
DSCR
$3,018
Rent
$305
Cashflow
Cash Flow
$3,018 income − $2,713 expenses = $305 cash flow
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,870
Downpayment
20%
$49,400
Closing costs
1%
$2,470
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,018
Total Expenses
$2,713
Mortgage P&I
43%
$1,295
Property Taxes
10%
$305
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332