This property might be a fair Mid-Term investment with a projected 5.4% first-year return on $69,051 initial cash invested.
5.4%
Cash On Cash
8.69%
Cap Rate
1.33
DSCR
$3,046
Rent
$311
Cashflow
Cash Flow
$3,046 income − $2,735 expenses = $311 cash flow
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,051
Downpayment
20%
$48,620
Closing costs
1%
$2,431
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,046
Total Expenses
$2,735
Mortgage P&I
44%
$1,327
Property Taxes
10%
$295
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335