This property might be a fair Mid-Term investment with a projected 3.23% first-year return on $70,290 initial cash invested.
3.23%
Cash On Cash
8.01%
Cap Rate
1.23
DSCR
$3,141
Rent
$189
Cashflow
Cash Flow
$3,141 income − $2,952 expenses = $189 cash flow
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,141
Total Expenses
$2,952
Mortgage P&I
43%
$1,347
Property Taxes
14%
$449
Home Insurance
3%
$87
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346