This property might be a fair Mid-Term investment with a projected 3.02% first-year return on $72,999 initial cash invested.
3.02%
Cash On Cash
7.62%
Cap Rate
1.22
DSCR
$2,842
Rent
$184
Cashflow
Cash Flow
$2,842 income − $2,658 expenses = $184 cash flow
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,999
Downpayment
20%
$52,380
Closing costs
1%
$2,619
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,842
Total Expenses
$2,658
Mortgage P&I
48%
$1,365
Property Taxes
8%
$232
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313