This property might be a fair Mid-Term investment with a projected 3.26% first-year return on $81,000 initial cash invested.
3.26%
Cash On Cash
7.61%
Cap Rate
1.22
DSCR
$3,000
Rent
$220
Cashflow
Cash Flow
$3,000 income − $2,780 expenses = $220 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
$3,000
Total Expenses
$2,780
Mortgage P&I
52%
$1,562
Property Taxes
3%
$93
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330