This property might be a fair Mid-Term investment with a projected 6.83% first-year return on $71,844 initial cash invested.
6.83%
Cash On Cash
8.61%
Cap Rate
1.4
DSCR
$2,895
Rent
$409
Cashflow
Cash Flow
$2,895 income − $2,486 expenses = $409 cash flow
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,844
Downpayment
20%
$51,280
Closing costs
1%
$2,564
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,895
Total Expenses
$2,486
Mortgage P&I
45%
$1,315
Property Taxes
3%
$96
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318