This property might be a fair Mid-Term investment with a projected 7.02% first-year return on $76,800 initial cash invested.
7.02%
Cash On Cash
9.24%
Cap Rate
1.39
DSCR
$3,852
Rent
$449
Cashflow
Cash Flow
$3,852 income − $3,403 expenses = $449 cash flow
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,800
Downpayment
20%
$56,000
Closing costs
1%
$2,800
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,852
Total Expenses
$3,403
Mortgage P&I
40%
$1,554
Property Taxes
11%
$411
Home Insurance
3%
$98
HOA
1%
$30
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424