This property might be a fair Mid-Term investment with a projected 5.75% first-year return on $69,450 initial cash invested.
5.75%
Cash On Cash
8.58%
Cap Rate
1.34
DSCR
$2,680
Rent
$333
Cashflow
Cash Flow
$2,680 income − $2,347 expenses = $333 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,680
Total Expenses
$2,347
Mortgage P&I
49%
$1,312
Property Taxes
1%
$38
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295