This property might be a fair Mid-Term investment with a projected 1.38% first-year return on $69,765 initial cash invested.
1.38%
Cash On Cash
7.32%
Cap Rate
1.14
DSCR
$2,496
Rent
$80
Cashflow
Cash Flow
$2,496 income − $2,416 expenses = $80 cash flow
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,765
Downpayment
20%
$49,300
Closing costs
1%
$2,465
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,496
Total Expenses
$2,416
Mortgage P&I
53%
$1,323
Property Taxes
5%
$129
Home Insurance
5%
$114
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275