This property might be a fair Mid-Term investment with a projected 8.85% first-year return on $69,828 initial cash invested.
8.85%
Cash On Cash
9.49%
Cap Rate
1.5
DSCR
$3,483
Rent
$515
Cashflow
Cash Flow
$3,483 income − $2,968 expenses = $515 cash flow
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,828
Downpayment
20%
$49,360
Closing costs
1%
$2,468
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,483
Total Expenses
$2,968
Mortgage P&I
37%
$1,297
Property Taxes
11%
$390
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383