This property might be a fair Mid-Term investment with a projected 2.21% first-year return on $80,790 initial cash invested.
2.21%
Cash On Cash
7.6%
Cap Rate
1.17
DSCR
$3,250
Rent
$149
Cashflow
Cash Flow
$3,250 income − $3,101 expenses = $149 cash flow
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,250
Total Expenses
$3,101
Mortgage P&I
50%
$1,615
Property Taxes
8%
$275
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358