This property might be a fair Mid-Term investment with a projected 1% first-year return on $74,700 initial cash invested.
1%
Cash On Cash
7.15%
Cap Rate
1.12
DSCR
$2,882
Rent
$62
Cashflow
Cash Flow
$2,882 income − $2,820 expenses = $62 cash flow
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,882
Total Expenses
$2,820
Mortgage P&I
50%
$1,431
Property Taxes
11%
$316
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317