This property might be a fair Mid-Term investment with a projected 1.22% first-year return on $77,850 initial cash invested.
1.22%
Cash On Cash
7.02%
Cap Rate
1.13
DSCR
$2,931
Rent
$79
Cashflow
Cash Flow
$2,931 income − $2,852 expenses = $79 cash flow
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,931
Total Expenses
$2,852
Mortgage P&I
50%
$1,472
Property Taxes
9%
$267
Home Insurance
3%
$102
HOA
1%
$15
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322