This property might be a fair Mid-Term investment with a projected 1.99% first-year return on $69,324 initial cash invested.
1.99%
Cash On Cash
7.9%
Cap Rate
1.16
DSCR
$2,530
Rent
$115
Cashflow
Cash Flow
$2,530 income − $2,415 expenses = $115 cash flow
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,324
Downpayment
20%
$48,880
Closing costs
1%
$2,444
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,530
Total Expenses
$2,415
Mortgage P&I
55%
$1,392
Property Taxes
3%
$75
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278