This property might be a fair Mid-Term investment with a projected 2.6% first-year return on $74,427 initial cash invested.
2.6%
Cash On Cash
7.79%
Cap Rate
1.18
DSCR
$2,636
Rent
$161
Cashflow
Cash Flow
$2,636 income − $2,475 expenses = $161 cash flow
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,427
Downpayment
20%
$53,740
Closing costs
1%
$2,687
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,636
Total Expenses
$2,475
Mortgage P&I
56%
$1,479
Property Taxes
1%
$37
Home Insurance
2%
$64
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290