This property might be a fair Mid-Term investment with a projected 7.15% first-year return on $69,975 initial cash invested.
7.15%
Cash On Cash
9.28%
Cap Rate
1.4
DSCR
$3,351
Rent
$417
Cashflow
Cash Flow
$3,351 income − $2,934 expenses = $417 cash flow
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,975
Downpayment
20%
$49,500
Closing costs
1%
$2,475
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,351
Total Expenses
$2,934
Mortgage P&I
41%
$1,364
Property Taxes
10%
$328
Home Insurance
3%
$102
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369