This property might be a fair Mid-Term investment with a projected 7.21% first-year return on $74,700 initial cash invested.
7.21%
Cash On Cash
8.67%
Cap Rate
1.41
DSCR
$3,006
Rent
$449
Cashflow
Cash Flow
$3,006 income − $2,557 expenses = $449 cash flow
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,006
Total Expenses
$2,557
Mortgage P&I
46%
$1,382
Property Taxes
2%
$59
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331