This property might be a fair Mid-Term investment with a projected 1.31% first-year return on $76,800 initial cash invested.
1.31%
Cash On Cash
7.29%
Cap Rate
1.13
DSCR
$2,656
Rent
$84
Cashflow
Cash Flow
$2,656 income − $2,572 expenses = $84 cash flow
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,656
Total Expenses
$2,572
Mortgage P&I
57%
$1,512
Property Taxes
2%
$59
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292