This property might be a fair Mid-Term investment with a projected 3.39% first-year return on $69,450 initial cash invested.
3.39%
Cash On Cash
8.26%
Cap Rate
1.23
DSCR
$3,051
Rent
$196
Cashflow
Cash Flow
$3,051 income − $2,855 expenses = $196 cash flow
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,051
Total Expenses
$2,855
Mortgage P&I
45%
$1,368
Property Taxes
12%
$372
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336