This property might be a fair Mid-Term investment with a projected 1.8% first-year return on $69,807 initial cash invested.
1.8%
Cash On Cash
7.68%
Cap Rate
1.15
DSCR
$2,494
Rent
$105
Cashflow
Cash Flow
$2,494 income − $2,389 expenses = $105 cash flow
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,807
Downpayment
20%
$49,340
Closing costs
1%
$2,467
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,494
Total Expenses
$2,389
Mortgage P&I
55%
$1,373
Property Taxes
3%
$80
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274