This property might be a fair Mid-Term investment with a projected 2.15% first-year return on $72,495 initial cash invested.
2.15%
Cash On Cash
7.29%
Cap Rate
1.18
DSCR
$2,618
Rent
$130
Cashflow
Cash Flow
$2,618 income − $2,488 expenses = $130 cash flow
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,495
Downpayment
20%
$51,900
Closing costs
1%
$2,595
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,618
Total Expenses
$2,488
Mortgage P&I
51%
$1,342
Property Taxes
6%
$164
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288