This property might be a fair Mid-Term investment with a projected 7.5% first-year return on $70,227 initial cash invested.
7.5%
Cash On Cash
9.53%
Cap Rate
1.43
DSCR
$3,966
Rent
$439
Cashflow
Cash Flow
$3,966 income − $3,527 expenses = $439 cash flow
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,227
Downpayment
20%
$49,740
Closing costs
1%
$2,487
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,966
Total Expenses
$3,527
Mortgage P&I
35%
$1,378
Property Taxes
18%
$712
Home Insurance
2%
$88
HOA
0%
$0
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$436