This property might be a fair Mid-Term investment with a projected 1.13% first-year return on $81,000 initial cash invested.
1.13%
Cash On Cash
7%
Cap Rate
1.12
DSCR
$2,757
Rent
$76
Cashflow
Cash Flow
$2,757 income − $2,681 expenses = $76 cash flow
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,757
Total Expenses
$2,681
Mortgage P&I
57%
$1,564
Property Taxes
3%
$75
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303