This property might be a fair Mid-Term investment with a projected 2.9% first-year return on $74,490 initial cash invested.
2.9%
Cash On Cash
7.48%
Cap Rate
1.22
DSCR
$2,940
Rent
$180
Cashflow
Cash Flow
$2,940 income − $2,760 expenses = $180 cash flow
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,940
Total Expenses
$2,760
Mortgage P&I
47%
$1,379
Property Taxes
10%
$287
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$323