This property might be a fair Mid-Term investment with a projected 6.14% first-year return on $74,490 initial cash invested.
6.14%
Cash On Cash
8.36%
Cap Rate
1.38
DSCR
$3,320
Rent
$381
Cashflow
Cash Flow
$3,320 income − $2,939 expenses = $381 cash flow
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,320
Total Expenses
$2,939
Mortgage P&I
41%
$1,360
Property Taxes
11%
$356
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365