This property might be a fair Mid-Term investment with a projected 2.16% first-year return on $77,850 initial cash invested.
2.16%
Cash On Cash
7.2%
Cap Rate
1.18
DSCR
$2,902
Rent
$140
Cashflow
Cash Flow
$2,902 income − $2,762 expenses = $140 cash flow
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,850
Downpayment
20%
$57,000
Closing costs
1%
$2,850
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,902
Total Expenses
$2,762
Mortgage P&I
50%
$1,455
Property Taxes
7%
$201
Home Insurance
4%
$103
HOA
1%
$17
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319