This property might be a fair Mid-Term investment with a projected 8.2% first-year return on $70,227 initial cash invested.
8.2%
Cash On Cash
9.59%
Cap Rate
1.48
DSCR
$3,988
Rent
$480
Cashflow
Cash Flow
$3,988 income − $3,508 expenses = $480 cash flow
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,227
Downpayment
20%
$49,740
Closing costs
1%
$2,487
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,988
Total Expenses
$3,508
Mortgage P&I
34%
$1,347
Property Taxes
18%
$715
Home Insurance
2%
$88
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439