This property might be a fair Mid-Term investment with a projected 1.21% first-year return on $69,240 initial cash invested.
1.21%
Cash On Cash
7.56%
Cap Rate
1.12
DSCR
$2,464
Rent
$70
Cashflow
Cash Flow
$2,464 income − $2,394 expenses = $70 cash flow
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,240
Downpayment
20%
$48,800
Closing costs
1%
$2,440
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,464
Total Expenses
$2,394
Mortgage P&I
56%
$1,369
Property Taxes
4%
$98
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271