This property might be a fair Mid-Term investment with a projected 5.08% first-year return on $70,605 initial cash invested.
5.08%
Cash On Cash
8.11%
Cap Rate
1.32
DSCR
$2,860
Rent
$299
Cashflow
Cash Flow
$2,860 income − $2,561 expenses = $299 cash flow
Investment Breakdown
|
Purchase Price
$251k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,605
Downpayment
20%
$50,100
Closing costs
1%
$2,505
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,860
Total Expenses
$2,561
Mortgage P&I
45%
$1,281
Property Taxes
8%
$217
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$315