This property might be a fair Mid-Term investment with a projected 7.29% first-year return on $68,505 initial cash invested.
7.29%
Cash On Cash
9.07%
Cap Rate
1.43
DSCR
$3,314
Rent
$416
Cashflow
Cash Flow
$3,314 income − $2,898 expenses = $416 cash flow
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,505
Downpayment
20%
$48,100
Closing costs
1%
$2,405
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,314
Total Expenses
$2,898
Mortgage P&I
38%
$1,269
Property Taxes
13%
$417
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365