This property might be a fair Mid-Term investment with a projected 4.63% first-year return on $69,492 initial cash invested.
4.63%
Cash On Cash
8.61%
Cap Rate
1.28
DSCR
$2,895
Rent
$268
Cashflow
Cash Flow
$2,895 income − $2,627 expenses = $268 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,492
Downpayment
20%
$49,040
Closing costs
1%
$2,452
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,895
Total Expenses
$2,627
Mortgage P&I
48%
$1,375
Property Taxes
6%
$180
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318