This property might be a fair Mid-Term investment with a projected 2.45% first-year return on $68,988 initial cash invested.
2.45%
Cash On Cash
7.75%
Cap Rate
1.18
DSCR
$2,574
Rent
$141
Cashflow
Cash Flow
$2,574 income − $2,433 expenses = $141 cash flow
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,988
Downpayment
20%
$48,560
Closing costs
1%
$2,428
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,574
Total Expenses
$2,433
Mortgage P&I
51%
$1,325
Property Taxes
6%
$145
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283