This property might be a fair Mid-Term investment with a projected 8.85% first-year return on $70,920 initial cash invested.
8.85%
Cash On Cash
9.5%
Cap Rate
1.48
DSCR
$3,148
Rent
$523
Cashflow
Cash Flow
$3,148 income − $2,625 expenses = $523 cash flow
Investment Breakdown
|
Purchase Price
$252k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,920
Downpayment
20%
$50,400
Closing costs
1%
$2,520
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,148
Total Expenses
$2,625
Mortgage P&I
43%
$1,345
Property Taxes
3%
$97
Home Insurance
4%
$113
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346