This property might be a fair Mid-Term investment with a projected 1.24% first-year return on $70,794 initial cash invested.
1.24%
Cash On Cash
7.6%
Cap Rate
1.13
DSCR
$2,829
Rent
$73
Cashflow
Cash Flow
$2,829 income − $2,756 expenses = $73 cash flow
Investment Breakdown
|
Purchase Price
$251k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,794
Downpayment
20%
$50,280
Closing costs
1%
$2,514
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,829
Total Expenses
$2,756
Mortgage P&I
50%
$1,406
Property Taxes
11%
$301
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311