This property might be a fair Mid-Term investment with a projected 8.39% first-year return on $74,490 initial cash invested.
8.39%
Cash On Cash
9.6%
Cap Rate
1.45
DSCR
$3,645
Rent
$521
Cashflow
Cash Flow
$3,645 income − $3,124 expenses = $521 cash flow
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,645
Total Expenses
$3,124
Mortgage P&I
41%
$1,485
Property Taxes
8%
$304
Home Insurance
3%
$96
HOA
0%
$0
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401