This property might be a fair Mid-Term investment with a projected 9.61% first-year return on $73,020 initial cash invested.
9.61%
Cash On Cash
9.5%
Cap Rate
1.52
DSCR
$3,120
Rent
$585
Cashflow
Cash Flow
$3,120 income − $2,535 expenses = $585 cash flow
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,020
Downpayment
20%
$52,400
Closing costs
1%
$2,620
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,120
Total Expenses
$2,535
Mortgage P&I
44%
$1,365
Property Taxes
1%
$35
Home Insurance
2%
$74
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343