This property might be a fair Mid-Term investment with a projected 2.7% first-year return on $80,433 initial cash invested.
2.7%
Cash On Cash
7.37%
Cap Rate
1.2
DSCR
$2,967
Rent
$181
Cashflow
Cash Flow
$2,967 income − $2,786 expenses = $181 cash flow
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,433
Downpayment
20%
$59,460
Closing costs
1%
$2,973
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,967
Total Expenses
$2,786
Mortgage P&I
51%
$1,525
Property Taxes
4%
$107
Home Insurance
4%
$105
HOA
1%
$40
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326