This property might be a fair Mid-Term investment with a projected 3.15% first-year return on $68,967 initial cash invested.
3.15%
Cash On Cash
8.03%
Cap Rate
1.22
DSCR
$2,830
Rent
$181
Cashflow
Cash Flow
$2,830 income − $2,649 expenses = $181 cash flow
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,967
Downpayment
20%
$48,540
Closing costs
1%
$2,427
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,830
Total Expenses
$2,649
Mortgage P&I
47%
$1,330
Property Taxes
10%
$273
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311