This property might be a fair Mid-Term investment with a projected 3.29% first-year return on $76,569 initial cash invested.
3.29%
Cash On Cash
7.93%
Cap Rate
1.22
DSCR
$2,996
Rent
$210
Cashflow
Cash Flow
$2,996 income − $2,786 expenses = $210 cash flow
Investment Breakdown
|
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,569
Downpayment
20%
$55,780
Closing costs
1%
$2,789
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,996
Total Expenses
$2,786
Mortgage P&I
51%
$1,514
Property Taxes
5%
$154
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330