This property might be a fair Mid-Term investment with a projected 8.45% first-year return on $70,164 initial cash invested.
8.45%
Cash On Cash
9.46%
Cap Rate
1.47
DSCR
$3,368
Rent
$494
Cashflow
Cash Flow
$3,368 income − $2,874 expenses = $494 cash flow
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,164
Downpayment
20%
$49,680
Closing costs
1%
$2,484
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,368
Total Expenses
$2,874
Mortgage P&I
39%
$1,329
Property Taxes
9%
$312
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370